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Credit Suisse plans Bares due 2018 with 10% buffer linked to S&P 500
By Devika Patel
Knoxville, Tenn., July 7 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due Feb. 5, 2019 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 double any index gain.
Investors will receive par if the index falls by up to 10% and lose 1% for every 1% decline beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
The notes (Cusip: 22550BBB8) will price on July 31 and settle on Aug. 3.
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