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Credit Suisse plans 10.75% callable yield notes on index, two funds
By Susanna Moon
Chicago, Feb. 8 - Credit Suisse AG, Nassau Branch plans to price 10.75% callable yield notes due Feb. 16, 2012 linked to the performance of the Russell 2000 index, SPDR S&P Homebuilders exchange-traded trust and the Market Vectors Gold Miners ETF, according to an FWP 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 any of the underlying components 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 worst performing component, up to a maximum payout of par.
The notes (Cusip 22546ER63) will price on Feb. 11 and settle on Feb. 16.
Credit Suisse Securities (USA) LLC is the agent.
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