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Credit Suisse to price trigger performance notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Nov. 30 – Credit Suisse AG, London Branch plans to price 0% trigger performance securities due Dec. 31, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 110% to 120% of the index return. The exact upside participation rate will be set at pricing.
If the index return is zero or negative and the final level is greater than or equal to the trigger level, 60% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
UBS Financial Services Inc. is acting as distributor.
The notes will price Dec. 28.
The Cusip number is 22548J192.
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