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Credit Suisse plans buffered enhanced participation notes on S&P 500
By Marisa Wong
Madison, Wis., Dec. 17 - Credit Suisse AG, Nassau Branch plans to price 0% buffered enhanced participation equity securities linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to have a term of 18 to 21 months.
The payout at maturity will be par plus 150% of any index gain, up to a maximum return of 12% to 16%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the 10% buffer at a rate of 1.111111% per 1% drop.
The exact terms will be set at pricing.
The notes (Cusip: 22546TP96) are expected to price and settle in December.
Credit Suisse Securities (USA) LLC is the agent.
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