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Credit Suisse plans 8.75%-10.75% callable yield notes on indexes, fund
By Toni Weeks
San Diego, May 31 - Credit Suisse AG, Nassau Branch plans to price 8.75% to 10.75% annualized callable yield notes due Jan. 6, 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 will be payable on Sept. 6, Nov. 7 and the maturity date.
The notes are callable at par on any interest payment date.
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: 22546E7M0) are expected to price June 30 and settle July 6.
Credit Suisse Securities (USA) LLC is the agent.
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