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Credit Suisse plans digital buffered notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., Feb. 1 – Credit Suisse AG, London Branch plans to price 0% digital buffered notes due Feb. 27, 2018 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 or equal to the initial index level, the payout at maturity will be par plus the fixed payment percentage, which is expected to be 16.5% to 18.5% and will be set at pricing. If the final index level is less than the initial level by not more than 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price Feb. 19.
The Cusip number is 22546VW69.
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