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Credit Suisse plans absolute return barrier notes tied to two indexes
By Marisa Wong
Morgantown, W.Va., Sept. 8 – Credit Suisse AG plans to price 0% absolute return barrier securities due Oct. 3, 2019 linked to the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 110% to 115% of the return of the worse performing index.
If either index falls by up to the 60% knock-in level, the payout will be par plus the absolute return of the worse performing index.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes are expected to price Sept. 30 and settle Oct. 5.
The Cusip number is 22546VL61.
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