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Credit Suisse to price leveraged buffered notes tied to index basket
By Sarah Lizee
Olympia, Wash., Oct. 16 – Credit Suisse AG, London Branch plans to price 0% leveraged buffered notes due in 30 to 33 months linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 400% of any basket gain, up to a maximum settlement amount of $1,412 to $1,483.20 for each $1,000 principal amount.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% drop beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
The Cusip number is 22551LFE5.
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