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Credit Suisse plans Accelerated Return Notes tied to financial stocks
By Susanna Moon
Chicago, Sept. 19 – Credit Suisse AG, London Branch plans to price 0% Accelerated Return Notes due November 2017 linked to a basket of equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co.
The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 17% to 21%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
The notes will price in September and settle in October.
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