Credit Suisse to price contingent coupon buffered notes on Russell

By Marisa Wong

Madison, Wis., May 1 - Credit Suisse AG, Nassau Branch plans to price contingent coupon buffered notes due May 30, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 9.5% to 10.5% per year, payable semiannually. Interest will only be paid if the index closes at or above the contingent coupon knock-in level - about 100% of the initial level - on the observation date for that period. Otherwise, no interest will be paid that period. The exact contingent coupon and knock-in level will be set at pricing.

If the final index level is at least 90% of the initial level, the payout at maturity will be par. Investors will lose 1% for every 1% decline beyond the 10% buffer.

The notes (Cusip: 22546TSV4) are expected to price May 24 and settle May 30.

Credit Suisse Securities (USA) LLC is the agent.

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