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Credit Suisse eyes market-linked notes with leveraged upside on Stoxx
By Devika Patel
Knoxville, Tenn., March 23 – Credit Suisse AG plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Oct. 5, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any index gain, up to a maximum return of 16% to 20%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Wells Fargo Securities, LLC is the agent.
The notes (Cusip: 22548QX59) will price March 31 and settle April 5.
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