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Credit Suisse intends to price CS notes linked to Euro Stoxx 50 index
By Devika Patel
Knoxville, Tenn., July 3 – Credit Suisse AG, London branch, plans to price 0% CS notes due Aug. 4, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 102.5% to 112.5% of any index gain. The exact upside participation rate will be set at pricing.
If the index falls or remains flat, the payout will be par.
Credit Suisse Securities (USA) LLC is the agent.
The notes (Cusip: 22550WYM3) will price on July 31 and settle on Aug. 3.
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