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Credit Suisse will price accelerated barrier notes tied to Euro Stoxx
By Angela McDaniels
Tacoma, Wash., Aug. 30 - Credit Suisse AG plans to price 0% accelerated barrier notes due Oct. 3, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 160% to 165% of the index return. The exact upside participation rate will be set at pricing. Investors will receive par if the index falls by less than 30% and will be fully exposed to losses from the initial level if the index falls by 30% or more.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes are expected to price Sept. 30 and settle Oct. 3.
The Cusip number is 22547QAP1.
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