Credit Suisse plans high/low coupon callable notes Euro Stoxx, funds

By Angela McDaniels

Tacoma, Wash., Sept. 5 - Credit Suisse AG plans to price high/low coupon callable yield notes due March 20, 2015 linked to the Euro Stoxx 50 index, the iShares MSCI Emerging Markets index fund and the United States Oil Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if any underlying component closes at or below its knock-in level, expected to be 60% of its initial level, during the life of the notes.

Interest is payable quarterly. The coupon will be 10% to 12% per year unless a knock-in event occurs, in which case the coupon will be 1% per year for that and each subsequent quarterly interest period. The exact coupon will be set at pricing.

The payout at maturity will be par unless a knock-in event has occurred, in which case the payout will be par plus the return of the lowest-performing underlying component, subject to a maximum payout of par.

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

Credit Suisse Securities (USA) LLC is the underwriter.

The notes are expected to price Sept. 17 and settle Sept. 20.

The Cusip number is 22547QB47.

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