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Credit Suisse plans Accelerated Return Notes linked to S&P 500 index
By Jennifer Chiou
New York, Oct. 3 – Credit Suisse AG plans to price 0% Accelerated Return Notes due December 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any index gain, capped at 10% to 14%.
Investors will be fully exposed to losses.
The notes will price in October and settle in November.
BofA Merrill Lynch is the agent.
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