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Credit Suisse to price Bares with 80% trigger linked to S&P 500
By Marisa Wong
Madison, Wis., Jan. 6 - Credit Suisse AG plans to price 0% Buffered Accelerated Return Equity Securities due July 31, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus the fixed payment percentage, which is expected to be 17% to 20% and will be set at pricing.
Investors will receive par if the index falls by 20% or less and will lose 1% for every 1% decline beyond 20%.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes (Cusip: 22547QFR2) will price Jan. 29 and settle Jan. 31.
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