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Credit Suisse plans 7.4% callable yield notes tied to index, two funds
By Toni Weeks
San Diego, June 20 - Credit Suisse AG, Nassau Branch plans to price 7.4% callable yield notes due June 29, 2012 linked to the Russell 2000 index, the SPDR S&P Homebuilders exchange-traded fund and the U.S. Natural Gas Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes are callable at par on any interest payment date on or after Sept. 30.
The payout at maturity will be par unless any component falls to or below its knock-in level - 60% 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: 22546TAU5) are expected to price on June 27 and settle June 30.
Credit Suisse Securities (USA) LLC is the agent.
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