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Credit Suisse eyes jump securities tied to S&P 500 value over growth
By Sarah Lizee
Olympia, Wash., Nov. 2 – Credit Suisse AG, London Branch plans to price 0% jump securities due Nov. 26, 2019 linked to the relative performance of the S&P 500 Value index over the S&P 500 Growth index, according to a 424B2 filed with the Securities and Exchange Commission.
If the return of the value index finishes at or above the return of the growth index, the payout at maturity will be par plus at least 11%.
Otherwise, investors will lose the percentage amount of underperformance of the value index relative to the growth index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Nov. 14.
The Cusip number is 22549R730.
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