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Credit Suisse plans 6% callable yield notes on S&P 500, Russell 2000
By Marisa Wong
Madison, Wis., Feb. 9 - Credit Suisse AG, Nassau Branch plans to price 6% callable yield notes due Feb. 28, 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 monthly.
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 the knock-in level - 69% to 71% of the initial level - on any day during the life of the notes, in which case investors will receive par plus the return of the worse-performing index, up to a maximum payout of par. The exact knock-in level will be set at pricing.
Credit Suisse Securities (USA) LLC is the agent.
The notes (Cusip: 22546TMQ1) are expected to price on Feb. 23 and settle on Feb. 28.
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