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Credit Suisse plans one-year callable Cert PLUS notes on S&P, Russell
By Marisa Wong
Madison, Wis., Feb. 28 - Credit Suisse AG, Nassau Branch plans to price 0% callable Cert PLUS securities due April 5, 2012 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities are callable on Oct. 5, 2011 at par plus a call return that is expected to be 4%.
If the securities are not called and the worse-performing index finishes above its initial level, the payout at maturity will be par plus 125% of that index's gain.
If the worse-performing index declines by less than 22.5%, the payout will be par.
If the worse-performing index declines by 22.5% or more, the payout will be par plus the return of that index.
The securities (Cusip: 22546EN75) are expected to price March 31 and settle April 5.
Credit Suisse Securities (USA) LLC is the underwriter.
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