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Credit Suisse plans digital plus barrier notes tied to Russell, S&P
By Sarah Lizee
Olympia, Wash., Sept. 4 – Credit Suisse AG, London Branch plans to price 0% digital plus barrier notes due Oct. 3, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above the initial level, the payout at maturity will be par plus the greater of the fixed return of 52% to 57% and the return of the worse performing index.
If each index finishes at or above the 70% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Sept. 28 and settle on Oct. 3.
The Cusip number is 22551L6U9.
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