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Credit Suisse plans absolute return barrier notes on Russell, S&P 500
By Wendy Van Sickle
Columbus, Ohio, Aug. 26 – Credit Suisse AG, London Branch plans to price absolute return barrier securities due March 2, 2018 linked to the lowest performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above the initial level, the payout at maturity will be par plus the gain of the lesser performing index, capped at 10%.
If either index falls but each index finishes above its 73% knock-in level, the payout will be par plus the absolute value of the return of the lowest performing index.
Otherwise, investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Aug. 29 and settle on Aug. 31.
The Cusip number is 22548QFB6.
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