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Credit Suisse plans Capped Leveraged Index Return Notes on financial basket
By Wendy Van Sickle
Columbus, Ohio, Dec. 9 – Credit Suisse AG, London Branch plans to price Capped Leveraged Index Return Notes due February 2018, linked to an equally weighted basket containing the Financial Select Sector index and the S&P Regional Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any gain in the basket, up to a maximum return of 13.75% to 17.75%. The exact cap will be set at pricing.
Investors will receive par if the basket falls by up to 5% and will lose 1% for every 1% decline beyond 5%.
BofA Merrill Lynch will be the agent.
The notes will price and settle in December.
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