Credit Suisse plans to sell 15-month 0% Bares linked to S&P 500

By Susanna Moon

Chicago, June 25 - Credit Suisse AG, Nassau Branch plans to price 0% Buffered Accelerated Return Equity Securities due Nov. 4, 2011 based on the performance of 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, up to a return cap of 13% to 15%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will be exposed to declines beyond 10%.

The notes will price on July 30 and settle on Aug. 4.

Credit Suisse Securities (USA) LLC will be the underwriter.

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