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Credit Suisse plans 6.5% callable yield notes tied to S&P 500, Russell
By Toni Weeks
San Diego, Oct. 18 - Credit Suisse AG, Nassau Branch plans to price callable yield notes due April 28, 2014 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is expected to be 6.5%. Interest is payable quarterly. The exact rate will be set at pricing.
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 - 75% of its initial level - on the final valuation date, in which case investors will receive par plus the return of the worst-performing index.
The notes (Cusip: 22546TE72) are expected to price Oct. 19 and settle Oct. 26.
Credit Suisse Securities (USA) LLC will be the agent.
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