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Credit Suisse plans cert plus notes linked to S&P 500, Russell 2000
By Susanna Moon
Chicago, Aug. 15 - Credit Suisse AG plans to price 0% cert plus securities due Sept. 11, 2017 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event occurs if either index finishes at or below its 50% knock-in level.
If the worse performing index finishes above the initial level, the payout at maturity will be par plus 108% to 113% of the gain.
If the worse performing index falls but a knock-in event has not occurred, the payout will be par.
Otherwise, the payout will be par plus the return with exposure to any losses.
The exact deal terms will be set at pricing.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Sept. 6 and settle on Sept. 11.
The Cusip number is 22547QA22.
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