Credit Suisse plans high/low coupon callable notes linked to indexes

By Susanna Moon

Chicago, March 21 - Credit Suisse AG, Nassau Branch plans to price high/low coupon callable yield notes due April 10, 2015 linked to the S&P 500 index, the Dow Jones industrial average and the Nasdaq 100 index, 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, 70% of its initial level, during the life of the notes.

The coupon will be 7% to 8% unless a knock-in event occurs, in which case it will be 1% annualized for that and each subsequent interest period. Interest is payable monthly.

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, up 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 will price on April 5 and settle on April 10.

The Cusip number is 22546T3B5.

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