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Credit Suisse to price 18-month ARES on basket of five energy stocks
By Marisa Wong
Morgantown, W.Va., May 17 – Credit Suisse AG, London Branch plans to price 0% Accelerated Return Equity Securities due Nov. 21, 2019 linked to an equally weighted basket of five common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying stocks are Continental Resources, Inc., Devon Energy Corp., Marathon Petroleum Corp., Pioneer Natural Resources Co. and Whiting Petroleum Corp.
The payout at maturity will be par plus 300% of any basket gain, up to a basket return cap of 35.6%.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on May 18.
The Cusip number is 22550WUC9.
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