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Credit Suisse plans Bares due 2018 with leverage, cap tied to S&P 500
By Susanna Moon
Chicago, Sept. 1 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due April 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 200% of any index gain, up to an underlying cap of 13% to 15%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and lose 1% for each 1% decline beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Sept. 30 and settle on Oct. 5.
The Cusip number is 22548QG58.
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