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Credit Suisse plans 8%-10% callable yield notes on Russell, metals
By Jennifer Chiou
New York, Feb. 28 - Credit Suisse AG, Nassau Branch plans to price 8% to 10% callable yield notes due March 30, 2012 linked to the Russell 2000 index and the SPDR S&P Metals & Mining exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable quarterly.
The payout at maturity will be par unless either underlying component closes at or below 75% 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, subject to a maximum payout of par.
The notes will be callable at par on any interest payment date beginning on June 30, 2011.
The notes (Cusip: 22546EY73) are expected to price on March 28 and settle on March 31.
Credit Suisse Securities (USA) LLC is the agent.
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