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Credit Suisse plans absolute return digital barrier notes on indexes
By Susanna Moon
Chicago, April 5 – Credit Suisse AG, London Branch plans to price 0% absolute return digital barrier securities due May 3, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 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 a fixed return of 45% to 50%.
If either index falls by up to the 60% knock-in level, the payout will be par plus the absolute value of the return of the worse performing index.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on April 30.
The Cusip number is 22550WLG0.
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