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Credit Suisse plans capped leveraged return notes tied to Russell 2000
By Susanna Moon
Chicago, April 26 - Credit Suisse AG, Nassau Branch plans to price capped Leveraged Index Return Notes due May 2015 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.
Bank of America Merrill Lynch is the agent.
The payout at maturity will be par of $10 plus double any gain in the index, up to a return of 19% to 23%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 5% and will be exposed to any losses beyond 5%.
The notes will price in May and settle in June.
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