Credit Suisse plans 8.5%-10.5% callable yield notes on fund, indexes

By Toni Weeks

San Diego, Dec. 30 - Credit Suisse AG, Nassau Branch plans to price 8.5% to 10.5% callable yield notes due Jan. 28, 2013 linked to the S&P 500 index, the Russell 2000 index and the United States Oil Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly. The exact coupon will be set at pricing.

The notes are callable at par on any interest payment date.

The payout at maturity will be par unless either index or the fund 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: 22546TKE0) will price Jan. 24 and settle Jan. 27.

Credit Suisse Securities (USA) LLC is the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.