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Credit Suisse plans Bares due 2020 with 10% buffer tied to Euro Stoxx
By Devika Patel
Knoxville, Tenn., Aug. 22 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due March 3, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 130% to 135% of any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 10% and lose 1% for every 1% decline beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
The notes (Cusip: 22549JJZ4) will price on Aug. 31 and settle on Sept. 6.
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