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Credit Suisse plans to price Bares linked to Russell 2000, S&P 500
By Angela McDaniels
Tacoma, Wash., Feb. 5 – Credit Suisse AG, London Branch plans to price 0% buffered accelerated return equity securities due March 30, 2020 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the lesser-performing index’s final level is greater than or equal to its initial index, the payout at maturity will be par plus 150% of the lesser-performing index’s return, subject to a maximum return that is expected to be 12% to 14% and will be set at pricing. Investors will receive par if the lesser-performing index declines by up to 10% and will lose 1% for every 1% that it declines beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price Feb. 25.
The Cusip number is 22551LV31.
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