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Credit Suisse plans 5% callable yield notes on S&P 500, Russell 2000
By Susanna Moon
Chicago, July 10 – Credit Suisse AG plans to price 5% callable yield notes due Jan. 25, 2016 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 payout at maturity will be par unless either index finishes below the 75% knock-in level, in which case investors will be fully exposed to any losses of the worst performing index.
The notes may be called at par on any interest payment date.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on July 18 and settle on July 25.
The Cusip number is 22547QQ33.
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