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Credit Suisse plans 9.5%-12% callable yield notes on Russell, gold ETF
By Jennifer Chiou
New York, Oct. 28 - Credit Suisse AG, Nassau Branch plans to price 9.5% to 12% callable yield notes due Dec. 5, 2011 linked to the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable quarterly.
The payout at maturity will be par unless either underlying 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 worse-performing component, capped at a maximum payout of par.
The notes will be callable at par on any interest payment date beginning June 3, 2011.
The notes (Cusip: 22546EE42) are expected to price on Nov. 30 and settle on Dec. 3.
Credit Suisse Securities (USA) LLC is the underwriter.
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