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Credit Suisse plans digital barrier notes on gold, oil, retail funds
By Susanna Moon
Chicago, Jan. 23 – Credit Suisse AG, London Branch plans to price 0% digital barrier notes due March 5, 2019 linked to the least performing of the VanEck Vectors Gold Miners exchange-traded fund, the SPDR S&P Oil & Gas Exploration & Production ETF and the SPDR S&P Retail ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If each fund finishes at or above its 70% knock-in level, the payout at maturity will be par plus the fixed return of 15.1%.
Otherwise, investors will receive par plus the return of the worst performing fund with full exposure to any losses.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Jan. 31 and settle on Feb. 5.
The Cusip number is 22550WA31.
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