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Credit Suisse plans Accelerated Return Notes on S&P Regional Banks
By Marisa Wong
Madison, Wis., Nov. 10 – Credit Suisse AG plans to price 0% Accelerated Return Notes due January 2016 linked to the S&P Regional Banks Select Industry 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 15% to 19%.
Investors will be fully exposed to losses.
The notes will price in November and settle in December.
BofA Merrill Lynch is the agent.
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