Credit Suisse (NYSE:CS) announced it will be issuing $66.6 million in structured notes which will be linked to the commodities futures index - Standard & Poor’s GSCI.
The GSCI is a benchmark index of 24 raw materials.
Parameters of the structured notes are they will have a floor of 5 percent and a ceiling of 17 percent. Those are guaranteed as long as the index doesn't fall by over 20 percent from the level started at.
J.P. Morgan (NYSE:JPM) is handling the sale of the notes.
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