Credit Suisse plans to price 18-month 0% Bares linked to S&P 500

By Jennifer Chiou

New York, May 28 - Credit Suisse AG, Nassau Branch plans to price 0% Buffered Accelerated Return Equity Securities due Dec. 30, 2011 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, subject to a maximum return of 18% to 20% that will be set at pricing. Investors will receive par if the index declines by 5% or less and will lose 1% for every 1% that it declines beyond 5%.

The notes are expected to price on June 25 and settle on June 30.

Credit Suisse Securities (USA) LLC is the underwriter.

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