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Credit Suisse plans 9.5%-11.5% callable yield notes on index, funds
By Marisa Wong
Madison, Wis., Sept. 9 - Credit Suisse AG, Nassau Branch plans to price 9.5% to 11.5% annualized callable yield notes due Sept. 20, 2012 linked to the Russell 2000 index, the United States Oil Fund, LP and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless the index or either fund falls to or below its knock-in level - 57.5% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worst-performing component, up to a maximum payout of par.
The notes will be callable at par on any interest payment date.
The notes (Cusip: 22546TES6) will price on Sept. 15 and settle on Sept. 20.
Credit Suisse Securities (USA) LLC is the agent.
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