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Credit Suisse plans leveraged buffered notes linked to S&P 500
By Marisa Wong
Madison, Wis., Sept. 26 - Credit Suisse AG, London Branch plans to price 0% leveraged buffered index-linked notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature 26 to 29 months after pricing.
If the index return is positive, the payout at maturity will be par plus 1.3 times the index return, subject to a maximum payment of $1,227.50 to $1,266.50 per $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 12.5% and will lose about 1.142857% for every 1% index decline beyond the 12.5% buffer.
The notes (Cusip: 22547QB96) are expected to price in September.
Credit Suisse Securities (USA) LLC is the agent.
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