Credit Suisse plans contingent coupon CS notes linked to commodities

By Angela McDaniels

Tacoma, Wash., April 16 - Credit Suisse AG, Nassau Branch plans to price annual contingent coupon CS notes due April 25, 2016 linked to a basket of 10 commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket includes corn, cotton, sugar #11, soybeans, RBOB gasoline, nickel, zinc, Brent crude oil, copper and WTI crude oil.

The notes will pay a coupon each year equal to the sum of the basket commodities' weighted component returns, subject to a minimum of zero.

If a commodity's final price is greater than or equal to its initial price, its component return will be equal to the fixed component percentage, which is expected to be 10% and will be set at pricing. Otherwise, its component return will be equal to the greater of its return and negative 20%.

The payout at maturity will be par.

The notes (Cusip: 22546TRE3) are expected to price April 20 and settle April 26.

Credit Suisse Securities (USA) LLC is the agent.

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