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Credit Suisse plans 8% autocallable yield notes on Russell, Stoxx 50
By Susanna Moon
Chicago, Dec. 29 – Credit Suisse AG, London Branch plans to price 8% autocallable yield notes due July 11, 2017 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if each index closes at or above its initial level on Jan. 6, 2017 or April 6, 2017.
The payout at maturity will be par unless either index closes below its 65% trigger level on any day during the life of the notes and either index finishes below its initial level, in which case investors will be fully exposed to the any losses of the worst performing index.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on Jan. 6 and settle on Jan. 11.
The Cusip number is 22546VT63.
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