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Credit Suisse plans 0% accelerated return securities linked to S&P 500
By Toni Weeks
San Diego, Feb. 2 - Credit Suisse AG, Nassau Branch plans to price 0% accelerated return securities due February 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 129% to 131% of any index gain. The exact participation rate will be set at pricing.
Investors will receive par if the index falls by up to 40% and will be fully exposed to losses from the initial level if it falls more than 40%.
The notes (Cusip: 22546TMJ7) are expected to price between Feb. 10 and Feb. 16 and settle three business days later.
Credit Suisse Securities (USA) LLC will act as agent.
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