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Credit Suisse plans 8%-10% callable yield notes on S&P 500, Russell
By Susanna Moon
Chicago, Sept. 29 - Credit Suisse AG, Nassau Branch plans to price 8% to 10% callable yield notes due Oct. 31, 2012 linked to S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable quarterly.
The payout at maturity will be par unless either index falls to or below its knock-in level - 65% 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 will be callable at par on any interest payment date beginning on Jan. 31, 2012.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Oct. 26 and settle on Oct. 31.
The Cusip is 22546TFK2.
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