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Credit Suisse to price 10%-12% callable yield notes linked to S&P 500, Market Vectors Gold Miners
By Angela McDaniels
Tacoma, Wash., June 28 - Credit Suisse AG, Nassau Branch plans to price 10% to 12% callable yield notes due Aug. 1, 2011 linked to the S&P 500 index and the Market Vectors Gold Miners exchange-traded fund, 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 underlying component falls to or below its knock-in level - 70% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worst-performing underlying component, capped at a maximum payout of par.
The notes will be callable at par on any interest payment date.
The notes are expected to price July 27 and settle July 30.
Credit Suisse Securities (USA) LLC is the underwriter.
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