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Credit Suisse plans trigger jump securities linked to Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., Oct. 12 – Credit Suisse AG, London Branch plans to price 0% trigger jump securities due Nov. 3, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the return and the 50% upside payment.
If the index falls by up to 20%, the payout will be par.
If the index finishes below the 80% knock-in level, investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price on Oct. 30 and settle on Nov. 2.
The Cusip number is 22549R433.
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