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Credit Suisse to price ARES due 2017 linked to FTSE 100 index
By Jennifer Chiou
New York, Feb. 25 – Credit Suisse AG plans to price 0% Accelerated Return Equity Securities due March 2, 2017 linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 154% of any index gain. Investors will be exposed to any index decline.
The notes (Cusip: 22546V6B7) will price on Feb. 27 and settle on March 4.
Barclays is the placement agent.
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