Credit Suisse plans Accelerated Return Equity Securities on two ETFs

By Marisa Wong

Madison, Wis., April 18 - Credit Suisse AG, Nassau Branch plans to price 0% Accelerated Return Equity Securities due June 11, 2012 linked to the performance of the iShares MSCI South Korea index fund and the iShares FTSE/Xinhua China 25 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the underlying return of the lower performing fund.

If the final level of the fund is greater than the initial level, then its underlying return is equal to 158% to 168% of the fund gain. If the final level is less than or equal to the initial level, then the underlying return is equal to the fund return.

Investors will be exposed to any losses.

The securities (Cusip: 22546E4Y7) are expected to price May 5 and settle on May 10.

Credit Suisse Securities (USA) LLC is the agent.

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