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Credit Suisse plans 11.5%-15.5% callable notes on Russell, two funds
By Toni Weeks
San Diego, Oct. 5 - Credit Suisse AG, Nassau Branch plans to price 11.5% to 15.5% callable yield notes due April 23, 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 is payable monthly. The exact coupon will be set at pricing.
The notes are callable at par on any interest payment date.
The payout at maturity will be par unless any component falls to or below its knock-in level - 55% 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 (Cusip: 22546TFR7) are expected to price Oct. 18 and settle Oct. 21.
Credit Suisse Securities (USA) LLC is the agent.
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