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Credit Suisse to price buffered return equity securities tied to S&P 500
By Jennifer Chiou
New York, March 26 – Credit Suisse AG plans to price 0% buffered return equity securities due May 3, 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 any gain in the index.
Investors will receive par if the index falls by up to the buffer amount and will lose 1% for each 1% decline beyond the buffer amount. The buffer amount is expected to be 10% to 15% and will be set at pricing.
The notes (Cusip: 22546VAJ5) will price on April 30 and settle on May 5.
Credit Suisse Securities (USA) LLC is the agent.
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