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Credit Suisse plans Accelerated Return Notes on S&P Regional Banks
By Jennifer Chiou
New York, Feb. 4 – Credit Suisse AG plans to price 0% Accelerated Return Notes due April 2016 linked to the S&P Regional Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par plus 300% of the return, capped at 18% to 22%. The exact cap will be set at pricing.
Investors will share in losses.
The notes are expected to price in February and settle in March.
BofA Merrill Lynch is the agent.
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