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Credit Suisse plans accelerated return equity securities on S&P 500
By Sarah Lizee
Olympia, Wash., Sept. 4 – Credit Suisse AG, London Branch plans to price 0% accelerated return equity securities due April 2, 2020 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 300% of any gain in the index, subject to a maximum return that is expected to be 17% to 19%.
Investors will lose 1% for each 1% decline in the index from its initial level.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on Sept. 28 and settle on Oct. 3.
The Cusip number is 22551L6X3.
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