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Credit Suisse plans contingent coupon autocallable yield notes on Amazon, Lyft, Zillow
By Wendy Van Sickle
Columbus, Ohio, July 12 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due July 21, 2025 linked to the least performing of the shares of Amazon.com, Inc., Lyft, Inc. and Zillow Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a monthly contingent coupon at an annual rate of 29% if each stock closes at or above its coupon barrier, 60% of its initial level, on the observation date for that period.
The notes will be called at par if each stock closes at or above its initial level on any monthly trigger observation date beginning Oct. 16.
The payout at maturity will be par unless any stock finishes below its 50% knock-in level, in which case investors will be fully exposed to any losses of the least-performing stock.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on July 16.
The Cusip number is 22552FNY4.
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