Credit Suisse plans return enhanced notes tied to currencies via JPM

By Toni Weeks

San Diego, March 21 - Credit Suisse AG, Nassau Branch plans to price 0% return enhanced notes due April 9, 2012 linked to the performance of an equally weighted basket of four currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

The underlying currencies are the Indonesian rupiah, the Singapore dollar, the South Korean won and the Australian dollar.

The payout at maturity will be par plus 2.25 times any basket gain. Investors will be exposed to losses.

The notes (Cusip: 22546E2X1) are expected to price March 25 and settle March 30.

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