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Credit Suisse plans Accelerated Return Notes on three financial stocks
By Marisa Wong
Morgantown, W.Va., Feb. 13 – Credit Suisse AG, London Branch plans to price 0% Accelerated Return Notes due April 2018 linked to a basket of three approximately equally weighted financial sector stocks, according to an FWP filing with the Securities and Exchange Commission.
The underlying stocks are Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley.
The payout at maturity will be par plus triple any basket gain, up to a maximum return of 19.5% to 23.5%. The exact cap will be set at pricing.
Investors will lose 1% for each 1% decline.
BofA Merrill Lynch is the agent.
The notes will price in February and settle in March.
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