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Credit Suisse plans 12.75% callable yield notes on S&P 500, Russell
By Toni Weeks
San Diego, Dec. 15 - Credit Suisse AG, Nassau Branch plans to price 12.75% callable yield notes due Jan. 7, 2013 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par on any interest payment date.
The payout at maturity will be par unless either index falls to or below its knock-in level - 65% of its initial level - on the final valuation date, in which case investors will receive par plus the return of the worst-performing index.
The notes (Cusip: 22546TJS1) are expected to price Dec. 30 and settle Jan. 5.
Credit Suisse Securities (USA) LLC will be the agent.
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