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Credit Suisse plans to price Bares linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., March 31 - Credit Suisse AG plans to price 0% Buffered Accelerated Return Equity Securities due Nov. 1, 2017 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 the fixed payment, which is expected to be 20.5% to 23.5% and will be set at pricing. Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% that the index declines beyond 20%.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes are expected to price April 28 and settle April 30.
The Cusip number is 22547QLJ3.
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