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Credit Suisse plans accelerated return notes on Financial Select SPDR
By Susanna Moon
Chicago, Jan. 31 - Credit Suisse AG, Nassau Branch plans to price 0% Accelerated Return Equity Securities due Aug. 31, 2012 based on the performance of the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any fund gain, up to a maximum return of 18% to 22%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
The notes (Cusip 22546EU85) are expected to price on Feb. 18 and settle on Feb. 28.
Credit Suisse Securities (USA) LLC is the agent.
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