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Credit Suisse to price buffered accelerated return notes on S&P 500
By Sarah Lizee
Olympia, Wash., Oct. 22 – Credit Suisse AG, London Branch plans to price 0% buffered accelerated return equity securities due Nov. 4, 2021 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 index gain capped at par plus 28%.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond the 15% buffer amount.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Oct. 29 and settle on Nov. 2.
The Cusip number is 22551LGX2.
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