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Credit Suisse plans 14-month Accelerated Return Notes on Gold Miners
By Susanna Moon
Chicago, Aug. 13 – Credit Suisse AG, London branch plans to price 0% Accelerated Return Notes due October 2016 linked to the NYSE Arca Gold Miners index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any index gain, capped at 46% to 50%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
The notes will price in August and settle in September.
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