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Credit Suisse plans 8%-10% callable yield notes linked to Russell 2000, S&P 500
By Angela McDaniels
Tacoma, Wash., Dec. 3 - Credit Suisse, Nassau Branch plans to price callable yield notes due July 9, 2010 linked to the Russell 2000 and S&P 500 indexes, according to an FWP filing with the Securities and Exchange Commission.
The notes will carry an annualized coupon of 8% to 10%, with the exact rate to be set at pricing. Interest will be payable quarterly.
The payout at maturity will be par unless either index 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 index, capped at a maximum payout of par.
The notes will be callable at par on any interest payment date.
The notes are expected to price Jan. 5 and settle Jan. 8.
Credit Suisse Securities (USA) LLC is the underwriter.
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