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Credit Suisse plans 1.5-year Bares with 10% buffer on Russell 2000
By Susanna Moon
Chicago, Aug. 31 - Credit Suisse AG, Nassau Branch plans to price 0% Buffered Accelerated Return Equity Securities due March 28, 2014 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par a fixed payment of 13% to 15%. The exact percentage will be set at pricing.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on Sept. 25 and settle on Sept. 28.
The Cusip number is 22546TYJ4.
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