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Credit Suisse plans 8%-10% callable yield notes on S&P 500, Russell
By Susanna Moon
Chicago, Jan. 19 - Credit Suisse AG, Nassau Branch plans to 8% to 10% callable yield notes due Feb. 4, 2013 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 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 either index 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.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Jan. 31 and settle on Feb. 3.
The Cusip number is 22546TLF6.
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