Credit Suisse plans to price knock-out notes linked to 15 stocks

By Angela McDaniels

Tacoma, Wash., Nov. 16 - Credit Suisse AG, Nassau Branch plans to price 0% knock-out notes due May 28, 2013 linked to a basket of 15 common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket includes Anheuser-Busch InBev SA/NV, Apple Inc., BHP Billiton Ltd., BP plc, Deere & Co., Google Inc., HSBC Holdings plc, PepsiCo, Inc., Philip Morris International Inc., Pfizer Inc., Siemens AG, Total SA, Unilever plc, Vodafone Group plc and Yum! Brands, Inc.

If the final basket level is less than the initial basket level by more than the knock-out buffer amount, investors will be fully exposed to the percentage decline of the basket from its initial level. Otherwise, the payout will be par plus the greater of the basket return and zero.

The knock-out buffer amount is expected to be 23% and will be set at pricing.

The notes (Cusip: 22546THE4) will price Nov. 18 and settle Nov. 23.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

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