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Credit Suisse plans seven-year protected Mitts linked to the Dow
By Jennifer Chiou
New York, Feb. 3 – Credit Suisse AG plans to price 0% Market Index Target-Term Securities due February 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus the index return, subject to a maximum return of 45% to 55% and a minimum payout of par. The exact cap will be set at pricing.
The notes are expected to price in February and settle in March.
BofA Merrill Lynch is the agent.
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