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Credit Suisse plans contingent coupon callable yield notes on Russell
By Susanna Moon
Chicago, Sept. 29 – Credit Suisse AG plans to price contingent coupon callable yield notes due Nov. 5, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8% to 9% if the index closes at or above its coupon barrier level, 75% of its initial level, on an observation date for that quarter.
The notes are callable on any interest payment date beginning Nov. 5, 2015.
The payout at maturity will be par unless the index finishes below the knock-in level, 75% of the initial index level, in which case investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on Oct. 31 and settle on Nov. 5.
The Cusip number is 22547QU61.
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