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Credit Suisse plans 10%-12% callable yield notes on fund, indexes
By Jennifer Chiou
New York, Nov. 29 - Credit Suisse AG, Nassau Branch plans to price 10% to 12% annualized callable yield notes due June 15, 2012 linked to the S&P 500 index, the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes are callable at par on any interest payment date beginning on Jan. 17, 2012.
The payout at maturity will be par unless either index or the fund falls to or below its knock-in level - 60% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worst-performing component, up to a maximum payout of par.
The notes (Cusip: 22546THW4) will price on Dec. 12 and settle on Dec. 15.
Credit Suisse Securities (USA) LLC is the agent.
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