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Credit Suisse plans contingent coupon callable yield notes on indexes
By Susanna Moon
Chicago, April 1 - Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due Oct. 30, 2015 linked to the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of at least 9.3% if each index closes at or above its barrier level, 75% of the initial level, on the observation date for that period.
The notes will be callable at par plus the contingent coupon on any quarterly interest payment other than the final date.
The payout at maturity will be par unless either index finishes at or below its 75% knock-in level, in which case investors will be fully exposed to any losses of the worst performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on April 25 and settle on April 30.
The Cusip number is 48127DDP0.
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