Credit Suisse plans absolute return barrier securities linked to Apple

By Susanna Moon

Chicago, Feb. 20 - Credit Suisse AG, Nassau Branch plans to price 0% absolute return barrier securities due Feb. 26, 2015 linked to Apple Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event occurs if Apple stock closes below the 65% knock-in level on any day during the life of the notes.

If the stock finishes at or above the initial price, the payout at maturity will be par plus the gain, up to a maximum return of 35%.

If the stock finishes below the initial price and a knock-in event has not occurred, the payout will be par plus the absolute value of the stock return, up to a maximum return of about 34.999%.

Otherwise, investors will receive par plus the stock return with full exposure to losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Feb. 21 and settle on Feb. 26.

The Cusip number is 22546T2G5.

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