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Credit Suisse plans to price Cert PLUS securities linked to S&P 500
By Jennifer Chiou
New York, May 31 - Credit Suisse AG, Nassau Branch plans to price 0% Cert PLUS securities due June 24, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus a fixed payment of between 23.5% and 27.5%. The exact rate will be set at pricing.
If the index finishes below the initial level but at or above 70% of its initial level, the payout at maturity will be par. Investors will share in losses if the final level is below the knock-in level.
The securities (Cusip: 22546TAK7) will price on June 17 and settle on June 24.
Credit Suisse Securities (USA) LLC is the underwriter.
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