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Credit Suisse plans 10%-12% callable yield notes linked to S&P 500, Market Vectors Gold Miners
By Angela McDaniels
Tacoma, Wash., Sept. 30 - Credit Suisse AG, Nassau Branch plans to price 10% to 12% callable yield notes due Oct. 31, 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.
The exact coupon will be set at pricing. Interest will be payable quarterly.
The payout at maturity will be par unless either underlying components falls to or below its knock-in level - 75% 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 (Cusip 22546EA87) are expected to price Oct. 26 and settle Oct. 29.
Credit Suisse Securities (USA) LLC is the underwriter.
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