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Credit Suisse plans 10%-12% callable yield notes on Russell, fund
By Jennifer Chiou
New York, April 18 - Credit Suisse AG, Nassau Branch plans to price 10% to 12% callable yield notes due July 30, 2013 linked to 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 on any interest payment date beginning on July 30, 2012.
The payout at maturity will be par unless either component falls to or below the 55% trigger level, in which case the payout will be par plus the return of the worse-performing component, up to a maximum payout of par.
The notes (Cusip: 22546TRJ2) will price on April 25 and settle on April 30.
Credit Suisse Securities (USA) LLC is the agent.
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