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Credit Suisse to price Bares linked to iShares MSCI Emerging Markets
By Angela McDaniels
Tacoma, Wash., June 29 - Credit Suisse AG, Nassau Branch plans to price 0% Buffered Accelerated Return Equity Securities due July 30, 2012 linked to the iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any increase in the exchange-traded fund's share price, subject to a maximum return of 28% to 36% that will be set at pricing. Investors will receive par if the share price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes are expected to price July 23 and settle July 30.
Credit Suisse Securities (USA) LLC is the underwriter.
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