Credit Suisse plans to price 0% Bares linked to basket of three funds

By Toni Weeks

San Diego, Oct. 2 - Credit Suisse AG, Nassau Branch plans to price 0% Buffered Accelerated Return Equity Securities due May 1, 2014 linked to the a basket of three equally weighted funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket is comprised of the Materials Select Sector SPDR fund, the Energy Select Sector SPDR fund and the Industrial Select Sector SPDR fund.

If the basket return is positive, the payout at maturity will be par plus double the basket return, subject to a maximum return of 16% to 18% that will be set at pricing.

Investors will receive par if the basket falls by up to 10% and will be exposed to any losses beyond the 10% buffer.

The notes (Cusip: 22546TB26) are expected to price Oct. 26 and settle Oct. 31.

Credit Suisse Securities (USA) LLC is the agent.

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