Credit Suisse to price knock-out notes due 2015 linked to S&P 500

By Jennifer Chiou

New York, Jan. 2 - Credit Suisse AG plans to price 0% knock-out notes due July 8, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes below 81% of the initial level during the life of the notes, the payout at maturity will be par plus the index return with exposure to losses.

Otherwise, investors will receive par plus the index return with a floor of par.

The notes (Cusip: 22547QFK7) are expected to price on Jan. 3 and settle on Jan. 8.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA will act as placement agents.

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