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Credit Suisse plans to price Bares due 2019 linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Aug. 21 – Credit Suisse AG, London Branch plans to price 0% buffered accelerated return equity securities due March 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, up to an underlying return cap of 10.5% to 12.5%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Aug. 31.
The Cusip number is 22550BE33.
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