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Credit Suisse plans buffered return enhanced notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Nov. 1 – Credit Suisse AG, London Branch plans to price 0% buffered return enhanced notes due Dec. 20, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum return that is expected to be 10.6%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
The notes will price Nov. 4.
The Cusip number is 22548QMX0.
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