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Credit Suisse to price capped buffer gears linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., Dec. 20 – Credit Suisse AG, London Branch plans to price 0% capped buffer gears due Dec. 31, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus two times the index return, subject to a maximum return that is expected to be 15.6% to 17.6% and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
UBS Financial Services Inc. is acting as distributor.
The notes will price Dec. 26.
The Cusip number is 22550K749.
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