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Credit Suisse plans buffered return equity securities tied to S&P 500
By Toni Weeks
San Luis Obispo, Calif., Nov. 22 - Credit Suisse AG plans to price 0% buffered return equity securities due Dec. 1, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain. Investors will receive par if the index falls by up to 20% and will share in losses at the rate of 1.25% for every 1% decline beyond the 20% buffer.
The notes (Cusip: 22547QDX1) are expected to price Nov. 26 and settle Dec. 2.
Credit Suisse Securities (USA) LLC will be the agent.
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