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Credit Suisse plans 6.25%-8.25% contingent coupon callables on indexes
By Susanna Moon
Chicago, Jan. 8 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due Feb. 6, 2023 linked to the least performing of the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 6.25% to 8.25% if each index closes at or above its 50% coupon barrier on an observation date for that quarter.
The notes are callable at par on any quarterly call date after one year.
The payout at maturity will be par unless any index finishes below its 50% knock-in level, in which case investors will be fully exposed to any losses of the worst performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Jan. 31 and settle on Feb. 5.
The Cusip number is 22550W3V7.
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