Credit Suisse plans 0% buffered return enhanced notes on S&P 500

By Jennifer Chiou

New York, Sept. 5 - Credit Suisse AG, Nassau Branch plans to price 0% buffered return enhanced notes due Sept. 25, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the index, subject to a maximum return of 21.5% that will be set at pricing.

Investors will share in losses.

The final index level will be the average of the closing index level on the five trading days ending Sept. 20, 2013.

The notes (Cusip: 22546TZB0) are expected to price on Sept. 7 and settle on Sept. 12.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA will act as placement agents.

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