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Credit Suisse plans leveraged notes due 2020 tied to basket of indexes
By Susanna Moon
Chicago, Sept. 27 – Credit Suisse AG, London branch plans to price 0% leveraged notes due in 24 to 27 months linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a weight of 36%, the Topix index with a weight of 27%, the FTSE 100 index with a weight of 20%, the Swiss Market index with a weight of 9% and the S&P/ASX 200 index with a weight of 8%.
The payout at maturity will be par of $10 plus 500% of any basket gain, up to a maximum settlement amount of $1,436.00 to $1,512.50 for each $1,000 principal amount. The exact cap will be set at pricing.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
The Cusip number is 22551LC24.
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