Credit Suisse plans high/low coupon callable notes on Russell, funds

By Susanna Moon

Chicago, Feb. 8 - Credit Suisse AG, Nassau Branch plans to price high/low coupon callable yield notes due Sept. 11, 2014 linked to the Russell 2000 index, the United States Oil Fund, LP and and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event occurs if any underlying component closes at or below 60% of its initial level during the life of the notes.

If a knock-in event never occurs, the coupon will be between 8% and 10%, with the exact rate to be set at pricing. If a knock-in event occurs during any observation period, the coupon for that interest period and each subsequent interest period is expected to be 1%. Interest is payable quarterly.

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

The payout at maturity will be par unless any component falls to or below its knock-in 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.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on March 6 and settle on March 11.

The Cusip number is 22546TY96.

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