| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
Credit Suisse plans 9%-11% callable yield notes on Russell, gold ETF
By Jennifer Chiou
New York, Dec. 29 - Credit Suisse AG, Nassau Branch plans to price 9% to 11% callable yield notes due Jan. 31, 2012 linked to the Russell 2000 index and the SPDR S&P 500 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 72.5% of its initial level during the life of the notes, in which case investors will receive par plus the return of the worst-performing underlying component, subject to a maximum payout of par.
The notes will be callable at par on any interest payment date beginning on April 30, 2011.
The notes (Cusip: 22546EN42) are expected to price on Jan. 26 and settle on Jan. 31.
Credit Suisse Securities (USA) LLC is the agent.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.