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Credit Suisse plans 8.5%-10.5% bearish callable yield notes linked to S&P 500, Russell 2000 indexes
By Susanna Moon
Chicago, Sept. 1 - Credit Suisse AG, Nassau Branch plans to price 8.5% to 10.5% bearish callable yield notes due Oct. 5, 2011 linked to the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The payout at maturity will be par unless either index closes at or above 125% of its initial level during the life of the notes, in which case the payout will be par minus the percentage change in the better performing index, up to a maximum payout of par.
The notes are callable at par on any interest payment date beginning April 5, 2011.
The notes (Cusip 22546EZD9) are expected to price on Sept. 30 and settle on Oct. 5.
Credit Suisse Securities (USA) LLC is the underwriter.
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