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Credit Suisse plans 4.75%-5.25% callable yield notes on two indexes
By Susanna Moon
Chicago, Aug. 13 - Credit Suisse AG plans to price 4.75% to 5.25% callable yield notes due Feb. 27, 2015 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable quarterly. The exact rate will be set at pricing.
The notes will be callable at par on any interest payment date.
The payout at maturity will be par unless either underlying index finishes below its knock-in level, 75% of its initial level, in which case investors will receive par plus the return of the worse performing underlying component, up to a maximum payout of par.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Aug. 23 and settle on Aug. 30.
The Cusip number is 22547Q7J9.
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