Credit Suisse plans to price Cert Plus notes linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., Feb. 1 - Credit Suisse AG, Nassau Branch plans to price 0% Cert Plus securities linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The maturity date is expected to be between Feb. 13, 2015 and Feb. 20, 2015.

If the index finishes at or above the initial level, the payout at maturity will be par plus 129% to 131% of the index return. The exact upside participation rate will be set at pricing.

If the final index level is less than the initial level but greater than the knock-in level, the payout will be par. The knock-in level is expected to be 60% of the initial level.

If the final index level is less than or equal to the knock-in level, investors will be fully exposed to the decline from the initial level.

The securities (Cusip: 22546TMJ7) are expected to price between Feb. 10 and Feb. 16 and settle three business days later.

Credit Suisse Securities (USA) LLC is the underwriter.

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