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Credit Suisse plans leveraged buffered notes linked to S&P 500 index
New York, Oct. 5 – Credit Suisse AG, London Branch plans to price 0% leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature between 27 and 30 months after pricing.
The payout at maturity will be par plus two times any index gain, up to a maximum settlement amount of $1,232 to $1,272 per $1,000 principal amount of notes. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Oct. 9.
The Cusip number is 22546VNE2.
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