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Credit Suisse plans 5.1%-6.1% callable yield notes on Euro Stoxx, ETF
By Marisa Wong
Morgantown, W.Va., Sept. 13 – Credit Suisse AG, London Branch plans to price 5.1% to 6.1% callable yield notes due March 23, 2018 linked to the Euro Stoxx 50 index and the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The payout at maturity will be par unless either underlying finishes below its 65% knock-in level, in which case investors will be fully exposed to the decline of the lesser-performing asset.
The notes will be callable at par on any interest payment date.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Sept. 16 and settle on Sept. 23.
The Cusip number is 22548QGL3.
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