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Credit Suisse plans 14-month bear Accelerated Return Notes on Russell
By Susanna Moon
Chicago, Aug. 21 – Credit Suisse AG, London branch plans to price 0% bear Accelerated Return Notes due October 2018 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple the absolute value of any index decline, up to a maximum return of 16% to 20%. The exact cap will be set at pricing.
Investors will lose 1% for every 1% gain in the index.
Bank of America Merrill Lynch is the agent.
The notes will price and settle in August.
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