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Credit Suisse to price buffered notes linked to S&P 500 with cap
By Angela McDaniels
Tacoma, Wash., Jan. 29 – Credit Suisse AG, London Branch plans to price 0% buffered notes due Aug. 5, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a maximum return that is expected to be 14.75% and will be set at pricing. Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% that it may decline beyond 20%.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
The notes will price Feb. 1.
The Cusip number is 22551LVY3.
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