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Credit Suisse plans 8% callable yield notes linked to two indexes
By Jennifer Chiou
New York, June 11 - Credit Suisse AG, Nassau Branch plans to price 8% callable yield notes due Sept. 30, 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.
A knock-in event occurs if either index finishes at or below the 60% knock-in level.
The payout at maturity will be par unless either index falls to or below its trigger level, in which case investors will receive par plus the return of the worst-performing index.
The notes (Cusip: 06366RFB6) are expected to price on June 25 and settle on June 28.
Credit Suisse Securities (USA) LLC will be the agent.
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