Credit Suisse plans market-linked step-up notes tied to Energy Select

By Susanna Moon

Chicago, Aug. 5 – Credit Suisse AG, London Branch plans to price market-linked step up notes due August 2018 linked to the Energy Select Sector index, according to a 424B2 filing with the Securities and Exchange Commission.

If index finishes above the step-up value, 120% to 126% of the initial level, the payout at maturity will be par plus the index gain.

If the index finishes at or below the step-up level but at or above the initial level, the payout will be par plus the step-up payment of 20% to 26%.

Investors will be exposed to any losses.

The exact deal terms will be set at pricing.

BofA Merrill Lynch is the agent.

The notes will price in August and settle in September.

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