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Credit Suisse to price 0% ARES linked to CS/RT Emerging Infrastructure index
By Laura Lutz
Des Moines, Oct. 2 - Credit Suisse, Nassau branch plans to price an offering of zero-coupon Accelerated Return Equity Securities (ARES) due Nov. 6, 2012 linked to the CS/RT Emerging Infrastructure index powered by HOLT, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at least the initial level, the payout at maturity will be par plus 120% of any gain on the index. Otherwise, the payout will be par minus the index decline.
The notes are expected to price in October and settle in November.
Credit Suisse will be the underwriter.
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