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Credit Suisse plans one-year review notes tied to S&P 500 via JPMorgan
By Toni Weeks
San Diego, Feb. 7 - Credit Suisse AG, Nassau Branch plans to price 0% review notes due Feb. 27, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annualized 10.2% premium if the index closes at or above the initial level on any of the quarterly review dates.
If the notes are not called, investors will receive par if the index return is at least 90% of the initial level and will lose 1.1111% for every 1% drop in the index beyond the 10% buffer.
The notes (Cusip: 22546TMM0) are expected to price Feb. 10 and settle Feb. 15.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
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