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Published on 12/2/2015 in the Prospect News Structured Products Daily.

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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