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Credit Suisse plans return enhanced notes on Industrial Select fund
By Susanna Moon
Chicago, Jan. 24 – Credit Suisse AG, London Branch plans to price 0% return enhanced notes due Feb. 13, 2019 linked to the Industrial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any fund gain, up to a maximum return of 18.75%.
Investors will be fully exposed to any losses.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
The notes will price on Jan. 26.
The Cusip number is 22550WAK3.
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