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Credit Suisse plans callable yield notes linked to Russell, oil fund
By Angela McDaniels
Tacoma, Wash., May 31 - Credit Suisse AG, Nassau Branch plans to price 9% to 10.5% callable yield notes due July 3, 2013 linked to the Russell 2000 index and the United States Oil Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The payout at maturity will be par unless either component falls to or below its trigger level - 55% of its initial level - during the life of the notes, in which case the payout will be par plus the return of the worst-performing component, up to a maximum payout of par.
The notes are callable at par on any interest payment date.
The notes (Cusip: 22546TUH2) are expected to price June 28 and settle July 3.
Credit Suisse Securities (USA) LLC is the agent.
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