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Credit Suisse plans return enhanced notes linked to SPDR S&P Bank ETF
By Angela McDaniels
Tacoma, Wash., Dec. 2 – Credit Suisse AG, London Branch plans to price 0% return enhanced notes due June 2, 2016 linked to the SPDR S&P Bank exchange-traded fund, according to a 424B2 filing with the Securities and Exchange.
If the ETF return is positive, the payout at maturity will be par plus two times the ETF return, up to a maximum return that is expected to be 10.54% and will be set at pricing. If the ETF return is negative, investors will have one-to-one exposure to the decline.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
The notes will price Dec. 4.
The Cusip number is 22546VRT5.
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