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Credit Suisse plans to price leveraged buffered notes on S&P 500
By Sarah Lizee
Olympia, Wash., May 7 – Credit Suisse AG, London Branch plans to price 0% leveraged buffered index-linked notes due in 17 to 20 months tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain up to a maximum settlement amount of $1,146.40 to $1,171.75 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for every 1% decline beyond 12.5%.
Credit Suisse Securities (USA) LLC is the agent.
The Cusip number is 22552FEH1.
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