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Credit Suisse plans 10%-12% callable yield notes on metals, gold funds
By Susanna Moon
Chicago, Feb. 28 - Credit Suisse AG, Nassau Branch plans to price 10% to 12% annualized callable yield notes due Sept. 30, 2011 linked to the SPDR S&P Metals & Mining exchange-traded fund and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.
Interest will be payable on June 30 and at maturity.
The payout at maturity will be par unless either fund 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 fund, capped at a maximum payout of par.
The notes will be callable at par on any interest payment date.
The notes will price on March 28 and settle on March 31.
The Cusip is 22546EY99.
Credit Suisse Securities (USA) LLC is the underwriter.
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