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Credit Suisse plans to price 15-month Bares linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., April 5 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due July 17, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 250% of any gain in the index, subject to a maximum return that is expected to be 17.2% and will be set at pricing. Investors will receive par if the index declines by 5% or less and will lose 1% for each 1% that it may decline beyond 5%.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price April 12.
The Cusip number is 22548Q3G8.
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