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Credit Suisse plans capped return enhanced notes linked to S&P 500
By Marisa Wong
Madison, Wis., July 15 – Credit Suisse AG plans to price 0% return enhanced notes due Aug. 5, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return expected to be 12.5%. The exact cap will be set at pricing.
Investors will be fully exposed to any losses.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
The notes will price on July 18 and settle on July 23.
The Cusip number is 22547QQQ2.
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