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Credit Suisse plans 11.5%-14% callable yield notes on indexes, ETF
By Jennifer Chiou
New York, Dec. 30 - Credit Suisse, Nassau Branch plans to price 11.5% to 14% callable yield notes due Feb. 3, 2011 linked to the S&P 500 index, Russell 2000 index and iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable quarterly.
The payout at maturity will be par unless any underlying 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 underlying component, capped at a maximum payout of par.
The notes will be callable at par on any interest payment date.
The notes are expected to price Jan. 29 and settle Feb. 3.
Credit Suisse Securities (USA) LLC is the underwriter.
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