Credit Suisse plans autocallable securities linked to Euro Stoxx, EM fund

By Jennifer Chiou

New York, May 21 - Credit Suisse AG, Nassau Branch plans to price autocallable securities due 2015 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annualized redemption premium of 13% if the price of each underlying asset is at or above its trigger level on any annual review date. The trigger level is expected to be 100% of the initial level.

If the notes are not called, the payout at maturity will be par unless either underlying asset closes below 70% of its initial level on the final valuation date, in which case investors will be fully exposed to the decline of the least-performing index.

The exact terms will be set at pricing.

The notes (Cusip: 22547Q3G9) are expected to price and settle in May.

Credit Suisse Securities (USA) LLC will act as agent.

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