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Credit Suisse plans 7.5%-8.5% callable yield notes on S&P, Russell
By Jennifer Chiou
New York, April 19 - Credit Suisse AG, Nassau Branch plans to price 7.5% to 8.5% callable yield notes due July 30, 2013 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par on any interest payment date beginning on July 30, 2012.
The payout at maturity will be par unless the final level of either index is less than or equal to the 65% knock-in level, in which case investors will receive par plus the return of the worse performing component, with full exposure to losses.
The notes (Cusip: 22546TRM5) will price on April 25 and settle on April 30.
Credit Suisse Securities (USA) LLC will be the agent.
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