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Credit Suisse pushes out maturity on 9.6% callable yield notes linked to Russell 2000, two funds
By Susanna Moon
Chicago, April 28 - Credit Suisse AG, Nassau Branch extended the maturity on the planned 9.6% callable yield notes linked to the Russell 2000 index, the U.S. Natural Gas Fund, LP and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are now due May 7, 2012, extended from May 3, 2012, and they will price on May 3 and settle on May 6. They were originally set to price on April 28 and settle on May 3.
Interest is payable monthly.
The notes are callable at par on Aug. 8, Nov. 7, 2011 or Feb. 7, 2012.
The payout at maturity will be par unless any component falls to or below its knock-in level - 60% 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.
Credit Suisse Securities (USA) LLC is the underwriter.
The Cusip is 22546E5B6.
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