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Credit Suisse plans Bares due 2020 with 15% buffer linked to Stoxx 50
New York, Nov. 3 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due Nov. 19, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 151% of any index gain.
Investors will receive par if the index falls by up to 15% and lose 1% for every 1% decline beyond 15%.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Nov. 15 and settle on Nov. 20.
The Cusip is 22550BP23.
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