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Credit Suisse to price 7.5%-9.5% callable yield notes linked to S&P 500, Russell 2000 indexes
By Angela McDaniels
Tacoma, Wash., Sept. 28 - Credit Suisse AG, Nassau Branch plans to price 7.5% to 9.5% callable yield notes due Oct. 28, 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 will be payable quarterly. The exact rate will be set at pricing.
The payout at maturity will be par unless either index finishes at or below 75% of its initial level, in which case investors will receive par plus the return of the worst-performing index.
The notes will be callable at par on any interest payment date.
The notes (Cusip 22546EB45) are expected to price Oct. 22 and settle Oct. 29.
Credit Suisse Securities (USA) LLC is the underwriter.
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