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Credit Suisse plans market-linked step-up notes tied to Euro Stoxx 50
By Susanna Moon
Chicago, Feb. 4 – Credit Suisse AG plans to price market-linked step-up notes due February 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the step-up level of 120% to 124% of the initial level, the payout at maturity will be par plus the index gain.
If the index finishes at or below the step-up level but at or above the initial level, the payout will be par plus the step-up return of 20% to 24%, with the exact return to be set at pricing.
Investors will be exposed to any losses.
The exact deal terms, including step-up level and return, will be set at pricing.
BofA Merrill Lynch is the agent.
The notes will price in February and settle in March.
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