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Credit Suisse plans digital barrier notes on Russell, Gold Miners ETF
By Toni Weeks
San Diego, Jan. 17 - Credit Suisse AG, Nassau Branch plans to price 0% digital barrier notes due Feb. 22, 2013 linked to the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus a fixed payment percentage of 20.25% unless a knock-in event occurs. A knock-in event occurs if the final level of either component falls to or below its knock-in level - expected to be 60% of the initial level - on any trading date during the life of the notes.
If a knock-in event occurs and the worst-performing component closes at or above its initial level, the payout will be par plus a fixed payment of 1%.
If a knock-in event occurs and the worst-performing component closes below its initial level, investors will receive par plus the return of the worst-performing component plus 1%.
The final terms will be determined at pricing.
The notes (Cusip: 22546TKW0) are expected to price Jan. 18 and settle Jan. 23.
Credit Suisse Securities (USA) LLC will be the agent.
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