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Credit Suisse plans 9%-11% callable yield notes on S&P 500, Russell
By Toni Weeks
San Diego, Feb. 28 - Credit Suisse AG, Nassau Branch plans to price 9% to 11% callable yield notes due March 19, 2012 linked to the S&P 500 and the Russell 2000 indexes, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable quarterly.
The payout at maturity will be par unless either index 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 index, capped at a maximum payout of par.
The notes will be callable at par on any interest payment date beginning Sept. 18, 2011.
The notes (Cusip: 22546EW75) will price on March 15 and settle on March 18.
Credit Suisse Securities (USA) LLC is the underwriter.
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