Credit Suisse plans Stars linked to S&P 500, Euro Stoxx via Merrill

By Jennifer Chiou

New York, March 17 - Credit Suisse AG plans to price 0% Strategic Accelerated Redemption Securities due March 2017 linked to the worst performing of the S&P 500 index and the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.

BofA Merrill Lynch is the agent.

The notes will be called at par of $10 plus a call premium of 13% to 16% per year if each index closes at or above its initial level on any of three annual observation dates.

If the notes are not called, the payout at maturity will be par exposure to any decrease in the worst-performing index.

The exact deal terms will be set at pricing.

The notes will price in March and settle in April.

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