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Credit Suisse plans buffered accelerated return notes tied to S&P 500
New York, July 13 – Credit Suisse AG, London branch plans to price 0% buffered accelerated return equity securities due Oct. 23, 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 250% of any index gain, up to underlying return cap of 11.5%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% decline beyond 5%.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on July 18 and settle on July 21.
The Cusip number is 22550BD26.
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