Credit Suisse plans 8.6% callable yield notes tied to Russell, funds

By Susanna Moon

Chicago, May 5 - Credit Suisse AG, Nassau Branch plans to price 8.6% callable yield notes due May 21, 2012 linked to the Russell 2000 index, the United States Natural Gas Fund, LP and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on Aug. 22, Nov. 21, 2011 or Feb. 21, 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 notes will price on May 17 and settle on May 20.

The Cusip is 22546E6R0.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.