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Credit Suisse plans 7%-9% callable yield notes on two indexes, fund
By Toni Weeks
San Diego, Jan. 20 - Credit Suisse AG, Nassau Branch plans to price 7% to 9% annualized callable yield notes due July 31, 2012 linked to the S&P 500 index, the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable every two months.
The notes are callable at par on any interest payment date.
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.
The notes (Cusip: 22546TLG4) are expected to price Jan. 26 and settle Jan. 31.
Credit Suisse Securities (USA) LLC will be the agent.
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