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Credit Suisse plans 14-month leveraged notes tied to index basket
By Susanna Moon
Chicago, May 15 – Credit Suisse AG, London branch plans to price 0% Leveraged Index Return Notes due July 2019 linked to a basket consisting of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, equally weighted, 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 a capped return of 9% to 13%.
Investors will receive par if the index falls by up to 5% and will be exposed to any losses beyond 5%.
BofA Merrill Lynch is the agent.
The notes will price in May and settle in June.
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