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Credit Suisse to price 10%-12% callable yield notes on S&P, Russell
By Marisa Wong
Madison, Wis., Aug. 30 - Credit Suisse AG, Nassau Branch plans to price 10% to 12% callable yield notes due April 1, 2013 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par on any interest payment date.
The payout at maturity will be par unless either index closes at or below its knock-in level - 75% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worst-performing index, subject to a maximum payout of par.
The notes (Cusip: 22546TEJ6) will price on Sept. 23 and settle on Sept. 30.
Credit Suisse Securities (USA) LLC is the agent.
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