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Credit Suisse plans contingent coupon callable notes on indexes, fund
By Susanna Moon
Chicago, Oct. 22 - Credit Suisse AG, Nassau Branch plans to price contingent coupon callable yield notes due April 30, 2015 linked to the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay an annualized coupon of 8% each quarter if each of the underlying components close at or above the 55% barrier level on the observation date for that quarter.
The notes are callable at par plus the contingent coupon on any interest payment date.
The payout at maturity will be par unless either index or fund finishes below its 55% knock-in level, in which case investors will receive par plus the return of the worst performing component.
Credit Suisse Securities (USA) LLC will be the agent.
The notes will price on Oct. 26 and settle on Oct. 31.
The Cusip number is 22546TE98.
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