Credit Suisse to price high/low coupon notes tied to Russell, oil fund

By Marisa Wong

Madison, Wis., Nov. 13 - Credit Suisse AG, Nassau Branch plans to price high/low coupon callable yield notes due Nov. 29, 2013 linked to the Russell 2000 index and the United States Oil Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event occurs if either underlying component ever falls to or below the 65% trigger level during the life of the notes.

The coupon will be 9% to 11% if a knock-in event never occurs during any quarterly observation period. Otherwise, the coupon for that period and each subsequent interest period will be 1%. Interest is payable quarterly.

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

The payout at maturity will be par unless a knock-in event occurs, in which case investors will receive par plus the return of the worse-performing component, up to a maximum payout of par.

Credit Suisse Securities (USA) LLC will be the agent.

The notes will price on Nov. 27 and settle on Nov. 30.

The Cusip number is 22546TJ85.

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