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Credit Suisse plans to price Bares due 2017 linked to Russell 2000
By Marisa Wong
Madison, Wis., June 3 - Credit Suisse AG plans to price 0% Buffered Accelerated Return Equity Securities due Dec. 28, 2017 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus a fixed payment percentage of 18% to 22% that will be determined at pricing.
Investors will receive par if the index falls by 20% or less and will lose 1% for every 1% decline beyond 20%.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on June 26 and settle on June 30.
The Cusip number is 22547QNR3.
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