Credit Suisse plans Accelerated Return Notes on international basket

By Tali Rackner

Norfolk, Va., Jan. 29 – Credit Suisse AG plans to price 0% Accelerated Return Notes due April 2017 linked to an international equity index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying basket is made up of the Euro Stoxx 50 index with a 40% initial weight, the FTSE 100 index and the Nikkei Stock Average index with initial weights of 20% each, the Swiss Market index and the S&P/ASX 200 index with initial weights of 7.5% each and the Hang Seng index with a 5% initial weight.

The payout at maturity will be par plus triple any basket gain, subject to a maximum return of 13% to 17%. The exact cap will be set at pricing.

Investors will be fully exposed to any decline in the basket.

BofA Merrill Lynch is the agent.

The notes will price in February and settle in March.

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