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Credit Suisse plans Accelerated Return Notes on Hang Seng China
By Toni Weeks
San Luis Obispo, Calif., Dec. 24 - Credit Suisse AG plans to price 0% Accelerated Return Notes due March 2015 linked to the Hang Seng China Enterprises index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any index gain, up to a capped return of 18% to 22%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
The final index value will be the average of the closing index levels on five trading days shortly before the maturity date.
BofA Merrill Lynch is the agent.
The notes will price in January and settle in February.
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