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Credit Suisse plans absolute return barrier notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Sept. 30 – Credit Suisse AG, London Branch plans to price absolute return barrier securities due Oct. 28, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus 150% of the gain up to an underlying return cap of between 30% and 35%.
If the index falls by up to its 80% knock-in level, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Oct. 21 and settle on Oct. 28.
The Cusip number is 22548QKC8.
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