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Credit Suisse plans Accelerated Return Notes due 2020 tied to Stoxx
By Sarah Lizee
Olympia, Wash., May 8 – Credit Suisse AG plans to price 0% Accelerated Return Notes due July 2020 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a capped return of 20% to 24%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
The notes will price in May and settle in June.
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