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Credit Suisse plans buffered accelerated return equity notes on S&P 500
By Sarah Lizee
Olympia, Wash., Aug. 23 – Credit Suisse AG, London Branch plans to price 0% buffered accelerated return equity securities due March 3, 2021 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 150% of any index gain, capped at par plus 9%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% that the index falls beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Aug. 27.
The Cusip number is 22552FQ96.
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