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Published on 3/28/2014 in the Prospect News Structured Products Daily.

Credit Suisse plans leveraged buffered notes linked to S&P 500 index

By Toni Weeks

San Luis Obispo, Calif., March 28 - Credit Suisse AG, London Branch plans to price 0% leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature 26 to 29 months after pricing.

The payout at maturity will be par plus 140% of any index gain, up to a maximum settlement amount of $1,217 to $1,245 per $1,000 principal amount. The exact maximum payment will be set at pricing.

Investors will receive par if the index falls by 15% or less and will lose about 1.17647% for every 1% decline beyond the 15% buffer.

The Cusip number is 22547QLF1.

Credit Suisse Securities (USA) LLC is the agent.


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