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Credit Suisse plans to price 8%-10% callable yield notes on Russell 2000, Market Vectors Gold
By Marisa Wong
Madison, Wis., Sept. 29 - Credit Suisse AG, Nassau Branch plans to price 8% to 10% callable yield notes due Oct. 31, 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 is payable quarterly. The exact coupon will be set at pricing.
The notes are callable at par on any interest payment date.
The payout at maturity will be par unless either the index or fund falls to or below its knock-in level - 65% 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, up to a maximum payout of par.
The notes (Cusip: 22546EA95) will price on Oct. 26 and settle on Oct. 29.
Credit Suisse Securities (USA) LLC is the agent.
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