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Credit Suisse plans Bares linked to iShares MSCI Emerging Markets
By Angela McDaniels
Tacoma, Wash., May 22 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due Nov. 29, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 250% of the ETF return, subject to a maximum return that is expected to be 19%. Investors will receive par if the ETF falls by up to 5% and lose 1% for every 1% decline in the ETF beyond 5%.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price May 24.
The Cusip number is 22550B4R1.
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