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Credit Suisse to price Cert PLUS securities linked to Euro Stoxx 50
By Marisa Wong
Madison, Wis., June 6 - Credit Suisse AG, Nassau Branch plans to price 0% Cert PLUS securities due June 30, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus 152% to 156% of the index return. The exact upside participation rate will be set at pricing.
If the index finishes below the initial level, the payout at maturity will be par if the index never closes at or below 30% of its initial level during the life of the securities. Otherwise, the payout will be par plus the index return.
The securities (Cusip: 22546TAM3) are expected to price on June 27 and settle on June 30.
Credit Suisse Securities (USA) LLC is the underwriter.
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