Credit Suisse to price Cert PLUS securities linked to S&P 500 index

By Jennifer Chiou

New York, May 31 - Credit Suisse AG, Nassau Branch plans to price 0% Cert PLUS securities due July 6, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par plus 140% to 150% of the gain. The exact rate will be set at pricing.

The payout at maturity will be par if the index finishes below the initial level but does not close at or below the knock-in level of 50% of the initial level during the life of the notes. Investors will share in losses if a knock-in event occurs and the index return is negative.

The securities (Cusip: 22546TAA9) will price on June 30 and settle on July 6.

Credit Suisse Securities (USA) LLC is the underwriter.

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