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Credit Suisse plans accelerated barrier notes tied to gold, oil funds
By Susanna Moon
Chicago, July 2 – Credit Suisse AG, London Branch plans to price 0% accelerated barrier notes due Jan. 29, 2020 linked to the lesser performing of the VanEck Vectors Gold Miners ETF and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying asset finishes at or above its initial level, the payout at maturity will be par plus 180% of the return of the worse performing fund.
If either fund falls by up to its 70% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worse performing fund.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on July 25.
The Cusip number is 22550WZB6.
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