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Credit Suisse plans capped leveraged return notes linked to S&P 500
By Devika Patel
Knoxville, Tenn., June 4 – Credit Suisse AG plans to price Capped Leveraged Index Return Notes due April 2016, linked to the S&P 500 index, according to a 424 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any gain in the index, up to a maximum return of 11% to 15%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
Merrill Lynch & Co. will be the agent.
The notes are expected to price in June and settle in July.
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