Credit Suisse plans Cert Plus notes linked to S&P 500, Russell

By Toni Weeks

San Diego, July 10 - Credit Suisse AG, Nassau Branch plans to price 0% Cert Plus securities due July 31, 2015 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event occurs if the closing level of either underlying index falls to or below 50% of its initial level during the life of the notes.

If a knock-in event has not occurred, the payout at maturity will be par plus the greater of the fixed payment percentage and the return of the lowest-performing index. The fixed payment percentage is expected to be 23% to 25% and will be set at pricing.

If a knock-in event has occurred, investors will be fully exposed to losses from the initial level.

The securities (Cusip: 22546TWH0) are expected to price July 26 and settle July 31.

Credit Suisse Securities (USA) LLC is the agent.

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