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Credit Suisse to price Accelerated Return Notes on S&P 500 index
By Marisa Wong
Madison, Wis., Feb. 6 – Credit Suisse AG plans to price 0% Accelerated Return Notes due Nov. 29, 2018 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 at least 120% of any index gain. The exact upside participation rate will be set at pricing.
If the index finishes at or above the knock-in level, 75% of the initial level, the payout will be par. Otherwise, investors will be exposed to any losses.
Barclays is the placement agent.
The notes will price on Feb. 24 and settle on Feb. 27.
The Cusip number is 22546V4N3.
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