Credit Suisse plans digital-plus barrier notes linked to Russell, S&P

By Angela McDaniels

Tacoma, Wash., April 1 - Credit Suisse AG, Nassau Branch plans to price 0% digital-plus barrier notes due May 3, 2017 linked to the S&P 500 index and the Russell 2000, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the underlying return of the lowest-performing index.

If an index's final level is greater than or equal to its initial level, its underlying return will be the greater of that index's return and the fixed payment percentage, which is expected to be 42.5% to 47.5% and will be set at pricing.

If an index's final level is more than 70% of its initial index level but less than its initial level, its underlying return will be zero.

If an index's final level is 70% of its initial index level or less, its underlying return will be equal to its return.

Credit Suisse Securities (USA) LLC is the agent.

The notes are expected to price April 30 and settle May 3.

The Cusip number is 22546T4X6.

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