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Credit Suisse to price Bares linked to iShares MSCI Emerging Markets
By Toni Weeks
San Luis Obispo, Calif., May 18 – Credit Suisse AG plans to price 0% Buffered Accelerated Return Equity Securities due May 27, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above the initial level, the payout at maturity will be par plus 125% of the fund return, up to a cap of 12.8%. Investors will receive par if the fund falls by 10% or less and will lose 1.1111% for every 1% that the fund declines beyond 10%.
Credit Suisse Securities (USA) LLC is the underwriter.
The exact terms will be set at pricing.
The notes are expected to price May 19 and settle May 26.
The Cusip number is 22546VDW3.
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