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Credit Suisse plans 10%-12% callable yield notes on metals, gold funds
By Susanna Moon
Chicago, May 31 - Credit Suisse AG, Nassau Branch plans to price 10% to 12% annualized callable yield notes due Dec. 20, 2011 linked to the SPDR S&P Metals & Mining exchange-traded fund and the Market Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable Aug. 22, Oct. 20 and at maturity.
The payout at maturity will be par unless either fund falls to or below its knock-in level - 77.5% 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, capped at a maximum payout of par.
The notes will be callable at par on any interest payment date.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on June 15 and settle on June 20.
The Cusip is 22546E7G3.
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