Credit Suisse plans relative Stars linked to stock basket, T-bond fund

By Susanna Moon

Chicago, April 21 - Credit Suisse AG plans to price 0% relative value Strategic Accelerated Redemption Securities due May 2015 linked to the performance of a basket of three equally weighted financial stocks versus the iShares 20+ Year Treasury Bond exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying basket companies are Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co.

The notes will be called at par of $10 plus an annual premium of 8% to 12% if the stock basket performs at or above the level of the T-bond fund on any observation date.

The payout at maturity will be par unless the stock basket finishes below the T-bond fund, in which case investors will be exposed to any losses.

BofA Merrill Lynch is the agent.

The notes will price in April and settle in May.

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