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Credit Suisse plans buffered accelerated return notes on Russell
New York, May 16 – Credit Suisse AG, London Branch plans to price 0% buffered accelerated return equity securities due Sept. 5, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 250% of any index gain capped at par plus 13.75%.
Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% decline beyond the 5% buffer amount.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on May 30 and settle on June 4.
The Cusip number is 22550WTX5.
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