Credit Suisse plans Accelerated Return Notes on S&P Regional Banks

By Toni Weeks

San Luis Obispo, Calif., June 26 – Credit Suisse AG plans to price 0% Accelerated Return Notes due September 2016 linked to the S&P Regional Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 14% to 18%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The final index level will be the average of the closing levels of the index on five trading days shortly before the maturity date.

BofA Merrill Lynch is the agent.

The notes will price in July and settle in August.

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