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Credit Suisse plans six-year protected Mitts with cap tied to the Dow
By Emma Trincal
New York, June 6 – Credit Suisse AG, London Branch plans to price 0% Market Index Target-Term Securities due June 2025 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus any index gain, up to a maximum return of 45% to 55%. The exact cap will be set at pricing.
If the index falls, the payout will be par.
BofA Merrill Lynch is the agent.
The notes will price in June and settle in July.
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