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Credit Suisse plans to price Bares linked to Euro Stoxx 50 index
By Marisa Wong
Morgantown, W.Va., Jan. 9 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due May 23, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the upside participation rate, which is expected to be 250%, multiplied by the index return, subject to a maximum return that is expected to be 28.5%. The exact upside participation rate and cap will be set at pricing.
Investors will receive par if the index declines by 5% or less and will lose 1% for each 1% that it may decline beyond 5%.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price Jan. 18.
The Cusip number is 22548QRY3.
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