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Credit Suisse plans digital buffered notes due 2020 tied to S&P 500
By Susanna Moon
Chicago, May 31 – Credit Suisse AG, London Branch plans to price 0% digital buffered notes due July 1, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains or falls by up to 20%, the payout at maturity will be par plus the fixed return of between 20% and 23%. The exact digital return will be set at pricing.
Otherwise, investors will be exposed to any losses beyond 20%.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on June 28 and settle on June 30.
The Cusip number is 22548QA88.
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