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Credit Suisse to price absolute return barrier notes tied to Russell
By Wendy Van Sickle
Columbus, Ohio, March 19 – Credit Suisse AG, London Branch plans to price 0% absolute return barrier securities due March 30, 2022 to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to an underlying return cap of 25%.
If the index falls by up to its 70% knock-in level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for each 1% index decline.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on March 25.
The Cusip number is 22552F3K6.
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