Credit Suisse to price 8.5% callable yield notes linked to Marathon

By Toni Weeks

San Luis Obispo, Calif., Feb. 5 - Credit Suisse AG plans to price 8.5% callable yield notes due Feb. 11, 2016 linked to the common stock of Marathon Petroleum Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly. The issuer initially announced the coupon as 6.5%, then increased it to 8.5% a few hours later.

The notes are callable at par on any interest payment date.

The payout at maturity will be par unless the final price of Marathon Petroleum shares is less than the knock-in price, 70% of the initial price, in which case investors will receive a number of shares equal to $1,000 divided by the initial share price.

The notes (Cusip: 22547QHE9) are expected to price Feb. 6 and settle Feb. 11.

Barclays is the agent.

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