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Credit Suisse plans 7%-9% callable yield notes on two indexes, fund
By Toni Weeks
San Diego, April 29 - Credit Suisse AG, Nassau Branch plans to price 7% to 9% annualized callable yield notes due Nov. 30, 2011 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 every two months. The exact coupon will be set at pricing.
The notes are callable at par on any interest payment date after July 29.
The payout at maturity will be par unless any component 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 component, up to a maximum payout of par.
The notes (Cusip: 22546E5K6) are expected to price May 25 and settle May 31.
Credit Suisse Securities (USA) LLC is the agent.
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