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Credit Suisse plans 7%-8% callable yield notes on Russell, Brazil fund
By Susanna Moon
Chicago, May 1 - Credit Suisse AG, Nassau Branch plans to price 7% to 8% callable yield notes due Sept. 4, 2014 linked to the Russell 2000 index and the iShares MSCI Brazil capped index fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly. The exact rate will be set at pricing.
The notes will be callable at par on any interest payment date beginning on July 5.
The payout at maturity will be par unless either underlying component closes at or below its knock-in level, 65% of its 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 underlying component, up to a maximum payout of par.
Credit Suisse Securities (USA) LLC is the agent.
The notes are expected to price on May 30 and settle on June 4.
The Cusip number is 22546T7C9.
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