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Credit Suisse plans 9%-10% callable yield notes linked to Russell 2000, S&P 500
By Angela McDaniels
Tacoma, Wash., Sept. 30 - Credit Suisse AG, Nassau Branch plans to price 9% to 10% callable yield notes due Jan. 6, 2012 linked to the Russell 2000 index and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The exact coupon will be set at pricing. Interest will be payable quarterly.
The payout at maturity will be par unless the final level of either index is less than or equal to 65% of its initial level, in which case investors will receive par plus the return of the worst-performing underlying index.
The notes will be callable at par on any interest payment date.
The notes (Cusip 22546EA61) are expected to price Oct. 1 and settle Oct. 6.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
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