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Credit Suisse plans 9.6% callable yield notes on Russell, two funds
By Marisa Wong
Madison, Wis., July 5 - Credit Suisse AG, Nassau Branch plans to price 9.6% annualized callable yield notes due July 16, 2012 linked to the Russell 2000 index, the U.S. Natural Gas Fund, LP, and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes are callable at par on any interest payment date beginning on Oct. 17.
The payout at maturity will be par unless any component falls to or below its knock-in level - 60% 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: 22546TBW0) will price on July 12 and settle on July 15.
Credit Suisse Securities (USA) LLC is the agent.
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