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Credit Suisse plans 8.5% callable yield notes on S&P 500, two funds
By Susanna Moon
Chicago, May 12 - Credit Suisse AG, Nassau Branch plans to price 8.5% callable yield notes due May 25, 2012 linked to the S&P 500 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 quarterly.
The payout at maturity will be par unless any component falls to or below its knock-in level - 60% 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 are callable at par on any interest payment date beginning Feb. 27, 2012.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on May 20 and settle on May 25.
The Cusip is 22546E7A6.
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