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Credit Suisse plans five-year 90% protected notes on SPDR Gold trust
By Susanna Moon
Chicago, Oct. 29 - Credit Suisse AG, Nassau Branch plans to price 0% notes due Dec. 3, 2015 based on the SPDR Gold trust, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the fund, up to an underlying return cap of 37.5% to 40%. The exact cap will be set at pricing.
Investors will receive at least 90% of par.
The notes (Cusip 22546EF58) will price on Nov. 30 and settle on Dec. 3.
Credit Suisse Securities (USA) LLC will be the underwriter.
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