Credit Suisse offers worst reverse

Good apples and a rotten apple
Loss of principal based on worst-performing underlying

Credit Suisse registered two worst reverse convertibles with the US Securities and Exchange Commission on March 28, with the outcome that any loss to principal is based on the final level of the worst-performing underlying. One of the Swiss bank's products has a three-year term and is linked to the Market Vectors Gold Miners ETF, the Russell 2000 Index and the S&P 500 Index. It pays an annualised rate of 9.1% and capital is at risk if the final level barrier of 70% is breached by any of the unde

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