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Credit Suisse plans 9.5%-10.5% callable yield notes on index, fund
By Toni Weeks
San Diego, April 30 - Credit Suisse AG, Nassau Branch plans to price 9.5% to 10.5% callable yield notes due June 5, 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 exact coupon will be determined at pricing.
The notes are callable on any interest payment date beginning Sept. 5.
The payout at maturity will be par unless either underlying component falls to or below the 55% trigger level during the life of the notes, in which case the payout will be par plus the return of the worst-performing component, up to a maximum payout of par.
The notes (Cusip: 22546TST9) will price May 31 and settle June 5.
Credit Suisse Securities (USA) LLC is the agent.
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