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Credit Suisse plans three-year Bares linked to Russell 2000
By Susanna Moon
Chicago, Dec. 5 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due Jan. 2, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to an underlying return cap of 17% to 19%. The exact terms will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on Dec. 27 and settle on Dec. 30.
The Cusip number is 22548QP66.
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