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Credit Suisse plans four-year Bares linked to basket of three indexes
By Susanna Moon
Chicago, Aug. 31 - Credit Suisse AG, Nassau Branch plans to price 0% Buffered Accelerated Return Equity Securities due Sept. 26, 2016 linked to a basket of three equally weighted indexes, according to an FWP with the Securities and Exchange Commission.
The underlying indexes are the S&P 500 index, the Russell 2000 index and the MSCI EAFE index.
The payout at maturity will be par 1.5 times any basket gain, up to a basket return cap of 48% to 52%.
Investors will receive par if the basket falls by up to 15% and will be exposed to any losses beyond 15%.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on Sept. 20 and settle on Sept. 25.
The Cusip number is 22546TYB1.
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