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Credit Suisse to price PLUS on Financial Select Sector SPDR fund
By Sarah Lizee
Olympia, Wash., Oct. 29 – Credit Suisse AG, London Branch plans to price 0% Performance Leveraged Upside Securities due Dec. 4, 2019 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any fund gain, up to a maximum payment of at least $11.6 per $10 PLUS. The exact maximum return at maturity will be determined on the pricing date.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent. Morgan Stanley Smith Barney LLC is distributor.
The notes will price Oct. 30 and settle Nov. 5.
The Cusip number is 22549R698.
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