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Credit Suisse plans leveraged notes due 2019 with cap tied to S&P 500
By Susanna Moon
Chicago, Oct. 25 – Credit Suisse AG, London Branch plans to price 0% leveraged notes due in 18 to 21 months 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 triple any index gain, up to a maximum settlement amount of $1,180 to $1,211.50 for each $1,000 principal amount. The exact cap will be set at pricing.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
The Cusip number is 22550BLZ4.
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