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Credit Suisse plans contingent coupon callable notes on indexes, ETF
By Marisa Wong
Madison, Wis., Dec. 15 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due Dec. 19, 2017 linked to the Euro Stoxx 50 index, the Russell 2000 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon of 9.8% annualized if each component closes at or above its barrier level, 60% of the initial level, on any quarterly observation date.
The notes will be callable at par plus the contingent coupon on any interest payment date.
The payout at maturity will be par unless any component finishes below its 60% knock-in level, in which case investors will be fully exposed to any losses of the worst performing component.
Barclays is the agent.
The notes will price on Dec. 16 and settle on Dec. 19.
The Cusip number is 22547QZF6.
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