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Credit Suisse plans 8.75% to 10.75% callable yield notes linked to S&P 500, Russell 2000 indexes
By Jennifer Chiou
New York, Nov. 29 - Credit Suisse AG, Nassau Branch plans to price 8.75% to 10.75% callable yield notes due Dec. 15, 2011 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.
Interest will be payable quarterly.
A trigger event will occur if either underlying index closes at or below 70% of its initial level.
The payout at maturity will be par unless a trigger event has occurred, in which case the payout will be par plus the return of the lower-performing index, up to a maximum payout of par.
The notes will be callable at par on any interest payment date beginning on June 15, 2011.
The notes (Cusip: 22546EZA5) are expected to price on Dec. 10 and settle on Dec. 15.
Credit Suisse Securities (USA) LLC is the agent.
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