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Credit Suisse plans buffered return enhanced notes tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, July 12 – Credit Suisse AG, London Branch plans to price 0% buffered return enhanced notes due Aug. 23, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, up to a maximum return that is expected to be 9.855% and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
The notes will price July 15.
The Cusip number is 22548QCC7.
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