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Credit Suisse plans 6.5%-8.5% callable yield notes on Russell, S&P 500
By Susanna Moon
Chicago, Oct. 29 - Credit Suisse AG, Nassau Branch plans to price 6.5% to 8.5% callable yield notes due Nov. 29, 2011 based on the Russell 2000 index and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable quarterly.
The payout at maturity will be par unless either index finishes at or below 75% of its initial level, in which case investors will receive par plus the return of the worse performing index.
The notes will be callable at par on any interest payment date beginning Feb. 28, 2011.
The notes (Cusip 22546EH56) are expected to price on Nov. 19 and settle on Nov. 29.
Credit Suisse Securities (USA) LLC is the agent.
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