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Credit Suisse plans leveraged buffered notes linked to iShares MSCI EM
By Angela McDaniels
Tacoma, Wash., Oct. 15 – Credit Suisse AG, London Branch plans to price 0% leveraged buffered notes linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The tenor of the notes is expected to be 23 to 26 months.
If the ETF return is positive, the payout at maturity will be par plus 140% of the gain, subject to a maximum settlement amount that is expected to be $1,301.00 to $1,352.80 for each $1,000 principal amount of notes. Investors will receive par if the ETF falls by up to 12.5% and lose 1.14286% for every 1% that the ETF declines beyond 12.5%.
The exact maturity date and maximum settlement amount will be set at pricing.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes are expected to price Oct. 19.
The Cusip number is 22546VNX0.
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