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Credit Suisse to price trigger PLUS on Hang Seng China Enterprises
By Wendy Van Sickle
Columbus, Ohio, Jan. 19 – Credit Suisse AG, London Branch plans to price 0% trigger Performance Leveraged Upside Securities due Aug. 5, 2019 linked to the Hang Seng China Enterprises index, according to a 424B2 with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 200% of the gain. If the index falls but finishes at or above the 85% trigger level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price on Jan. 31 and settle on Feb. 5.
The Cusip number is 22549E226.
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