Credit Suisse plans 8.1% callable yield notes on Brazil, metals funds

By Susanna Moon

Chicago, Jan. 6 - Credit Suisse AG, Nassau Branch plans to price 8.1% callable yield notes due Jan. 23, 2012 based on the iShares MSCI Brazil index fund and the SPDR S&P Metals & Mining exchange-traded fund, 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 underlying component closes at or below 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 underlying component, subject to a maximum payout of par.

The notes will be callable at par on any interest payment date.

The notes (Cusip 22546EQ31) are expected to price on Jan. 18 and settle on Jan. 21.

Credit Suisse Securities (USA) LLC is the agent.

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