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Credit Suisse plans to price two-year Bares linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Nov. 24 - Credit Suisse, Nassau Branch plans to price 0% Buffered Accelerated Return Equity Securities due Jan. 3, 2012 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 11.5%. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.
The notes are expected to price Dec. 28 and settle Dec. 31.
Credit Suisse Securities (USA) LLC is the underwriter.
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