Credit Suisse plans two-year digital notes with 75% trigger on S&P 500

By Susanna Moon

Chicago, June 14 - Credit Suisse AG, Nassau Branch plans to price index-linked securities due June 26, 2014 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above 105% of the initial level on June 20, 2013, the notes will be called at par plus a premium of 12.7%.

If the notes are not called and the index finishes above the 75% trigger level, the payout at maturity will be par plus the greater of the gain and a fixed payment of 6%.

Otherwise, investors will receive par plus the return, with full exposure to any losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on June 19 and settle on June 26.

The Cusip number is 22546TVF5.

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