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Credit Suisse plans 12%-14% callable yield notes on Russell, two funds
By Susanna Moon
Chicago, Oct. 21 - Credit Suisse AG, Nassau Branch plans to price 12% to 14% callable yield notes due Nov. 7, 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 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.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Nov. 2 and settle on Nov. 7.
The Cusip is 22546TGD7.
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