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Credit Suisse to price digital-plus barrier notes linked to Russell
By Toni Weeks
San Diego, June 27 - Credit Suisse, Nassau Branch plans to price 0% digital-plus barrier notes due July 29, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be the greater of the index return and a fixed payment percentage of 32% to 36% that will be set at pricing.
Investors will receive par if the index falls by up to 30% and will lose 1% for every 1% decline from the initial level if the index falls by 30% or more.
The notes (Cusip: 22546TBL4) are expected to price July 22 and settle July 29.
Credit Suisse Securities (USA) LLC is the agent.
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