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Credit Suisse plans Strategic Accelerated Redemption Securities on Stoxx
By Sarah Lizee
Olympia, Wash., Aug. 3 – Credit Suisse AG, London Branch plans to price 0% Strategic Accelerated Redemption Securities due August 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at a premium of 11.75% to 12.75% per year if the closing level of the index is greater than its starting value on any of six observation dates.
The actual call premiums will be set at pricing.
If the notes are not called, investors will be exposed to any declines.
BofA Merrill Lynch is the agent.
The notes will price and settle in August.
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