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Credit Suisse plans six-year Cert PLUS securities on Euro Stoxx 50
By Jennifer Chiou
New York, March 31 - Credit Suisse AG, Nassau Branch plans to price 0% Cert PLUS securities due April 28, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event will occur if the index falls to or below 30% of the initial level during the life of the securities.
If the index finishes above the initial level, the payout at maturity will be par plus 125% of the index gain if a knock-in event occurs and will be par plus the greater of the 15% contingent minimum return and 125% of the gain if a knock-in event does not occur.
If the index finishes below the initial level, the payout at maturity will be par plus the index return if a knock-in event has occurred and will be 15% if a knock-in event does not occur.
The securities (Cusip: 22546E3Y8) are expected to price on April 25 and settle on April 29.
Credit Suisse Securities (USA) LLC is the underwriter.
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