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Credit Suisse plans to price Bares linked to Euro Stoxx 50 index
By Angela McDaniels
Tacoma, Wash., June 27 – Credit Suisse AG plans to price 0% Buffered Accelerated Return Equity Securities due July 31, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus 120% to 125% of the index return. The exact participation rate will be set at pricing. Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% that the index declines beyond 15%.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes are expected to price July 28 and settle July 31.
The Cusip number is 22547QPY6.
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