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Credit Suisse plans to price Bares due 2015 linked to Russell 2000
By Jennifer Chiou
New York, Jan. 3 - Credit Suisse AG, Nassau Branch plans to price 0% Buffered Accelerated Return Equity Securities due July 27, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus 200% of any gain, capped at 25% to 30%. The exact percentage will be set at pricing.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
The notes (Cusip: 22546TS77) are expected to price on Jan. 18 and settle on Jan. 28.
Credit Suisse Securities (USA) LLC is the underwriter.
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