Credit Suisse to price Accelerated Return Notes tied to General Motors

By Toni Weeks

San Luis Obispo, Calif., July 1 – Credit Suisse AG plans to price 0% Accelerated Return Notes due July 2015 linked to the common stock of General Motors Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is positive, the payout at maturity will be par plus 300% of the stock return, subject to a maximum return of 21% to 25% that will be set at pricing.

Investors will share fully in any losses.

BofA Merrill Lynch is the agent.

The notes are expected to price and settle in July.

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