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Credit Suisse plans 7.5%-10% callable yield notes on S&P 500, Russell
By Jennifer Chiou
New York, March 31 - Credit Suisse AG, Nassau Branch plans to price 7.5% to 10% callable yield notes due April 20, 2012 linked to the S&P 500 and the Russell 2000 indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The exact coupon will be set at pricing. Interest is payable quarterly.
The payout at maturity will be par unless either index falls to or below its knock-in level - 80% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worst-performing index, capped at a maximum payout of par.
The notes will be callable at par on any interest payment date beginning on July 20, 2011.
The notes (Cusip: 22546E3G7) will price on April 15 and settle on April 20.
Credit Suisse Securities (USA) LLC is the underwriter.
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