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Credit Suisse plans 9%-11% callable yield notes on fund, indexes
By Jennifer Chiou
New York, Aug. 31 - Credit Suisse AG, Nassau Branch plans to price 9% to 11% callable yield notes due Dec. 30, 2013 linked to the S&P 500 index, the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly. The exact coupon will be determined at pricing.
The notes are callable at par on any interest payment date beginning on Dec. 28, 2012.
The payout at maturity will be par unless any component falls by 40% or more of its initial level during the life of the notes, in which case investors will receive par plus the return of the worst-performing component, up to a maximum payout of par.
The notes (Cusip: 22546TYF2) are expected to price on Sept. 25 and settle on Sept. 28.
Credit Suisse Securities (USA) LLC is the agent.
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