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Credit Suisse plans 6.5% to 7.5% callable yield notes on iShares MSCI Emerging Markets, Russell 2000
By E. Janene Geiss
Philadelphia, Feb. 25 - Credit Suisse AG, Nassau Branch plans to price callable yield notes due March 23, 2012 linked to the iShares MSCI Emerging Markets index fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The one-year notes are expected to carry an annualized coupon of 6.5% to 7.5%. The exact interest, which will be payable quarterly, will be set at pricing.
The payout at maturity will be par unless either of the components closes at or below its knock-in level - 75% 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, capped at a maximum payout of par.
Beginning June 23, the notes will be callable at par on any interest payment date.
The notes (Cusip: 22546E2A1) are expected to price on March 18 and settle on March 25.
Credit Suisse Securities (USA) LLC is the underwriter.
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