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Credit Suisse plans 9%-11% callable yield notes on Russell, gas fund
By Toni Weeks
San Diego, March 30 - Credit Suisse AG, Nassau Branch plans to price 9% to 11% annualized callable yield notes due Oct. 31, 2011 linked to the Russell 2000 index and the U.S. Natural Gas Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.
The exact coupon will be set at pricing. Interest is payable every two months.
The notes are callable at par on any interest payment date beginning June 30.
The payout at maturity will be par unless either 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: 22546E3R3) are expected to price April 26 and settle April 29.
Credit Suisse Securities (USA) LLC is the agent.
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