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Credit Suisse plans 11.5%-13.5% callable yield notes on fund, indexes
By Toni Weeks
San Diego, Oct. 12 - Credit Suisse AG, Nassau Branch plans to price 11.5% to 13.5% callable yield notes due Nov. 5, 2012 linked to the S&P 500 index, the Russell 2000 index and the United States Oil Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par on any interest payment date.
The payout at maturity will be par unless any underlying component falls to or below its knock-in level - 50% 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: 22546TFY2) are expected to price Oct. 28 and settle Nov. 3.
Credit Suisse Securities (USA) LLC will be the agent.
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