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Credit Suisse plans to price 0% Bares due 2012 linked to S&P 500 index
By Susanna Moon
Chicago, Sept. 29 - Credit Suisse AG, Nassau Branch plans to price 0% Buffered Accelerated Return Equity Securities due Oct. 29, 2012 linked to the S&P 500 index, according to an FWP 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 15% to 19%. The exact percentage will be set at pricing.
Investors will receive par if the index falls by up to 10% and will be exposed to losses beyond 10%.
The notes (Cusip 22546EB78) will price on Oct. 22 and settle on Oct. 29.
Credit Suisse Securities (USA) LLC is the underwriter.
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