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Credit Suisse plans 9.5% callable yield notes tied to index, funds
By Jennifer Chiou
New York, Aug. 5 - Credit Suisse AG, Nassau Branch plans to price 9.5% annualized callable yield notes due Feb. 21, 2012 linked to the Russell 2000 index, the United States Natural Gas Fund, LP 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 monthly.
The payout at maturity will be par unless any component falls to or below its knock-in level - 70% 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.
Beginning on Oct. 19, the notes will be callable at par on any interest payment date.
The notes (Cusip: 22546TDA6) are expected to price on Aug. 16 and settle on Aug. 19.
Credit Suisse Securities (USA) LLC is the agent.
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