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joezapp

02/07/18 8:52 PM

#1439 RE: ogflee1 #1438

Exactly, ogflee1. They are meant to go to zero. The prospectus says that they are not meant to be held to maturity, as they are meant to go to zero and zero should be expected. CS borrows investors money, as these are debt instruments. They do not expect to have to pay it back. The price appreciation over time gave the appearance that they were something that we found out the hard way they are not.