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Credit Suisse plans 6% callable yield notes linked to Russell 2000
By Susanna Moon
Chicago, Nov. 12 - Credit Suisse AG, Nassau Branch plans to price 6% annualized callable yield notes due Feb. 18, 2011 based on the performance of the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
A knock-in event occurs if the index falls to or below 85% of its initial level on any trading day during the life of the notes.
If a knock-in event occurs, the payout at maturity will be par plus the index return, up to a maximum payout of par.
If a knock-in event does not occur, investors will receive par.
The notes are callable on any interest payment date.
The notes (Cusip 22546EYZ1) are expected to price on Nov. 15 and settle on Nov. 18.
Credit Suisse Securities (USA) LLC is the underwriter.
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