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Credit Suisse amends Cusip for absolute return barrier notes linked to S&P 500, Russell
By Toni Weeks
San Luis Obispo, Calif., June 2 - Credit Suisse AG changed the Cusip number for its upcoming offering of 0% absolute return barrier securities due July 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.
The Cusip number is now 22547QNQ5, changed from 22547QNH5.
A knock-in event occurs if either underlying index finishes at or below its knock-in level, which is expected to be 55% of the initial level.
If each index finishes at or above the initial level, the payout at maturity will be par plus 110% to 115% of the return of the worst-performing index.
If the worst-performing index falls and a knock-in event has not occurred, the payout will be par plus the absolute value of the return of the worst-performing index.
Otherwise, investors will be fully exposed to the decline of the worst-performing index.
The exact terms will be set at pricing.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price June 30 and settle July 3.
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