Credit Suisse plans autocallables tied to Hang Seng China Enterprises

By Angela McDaniels

Tacoma, Wash., July 10 - Credit Suisse AG, Nassau Branch plans to price 0% autocallable securities due July 31, 2015 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus the automatic redemption premium, which is expected to be 11% to 14% per year, if the index closes at or above the trigger level on July 26, 2013, July 28, 2014 or July 28, 2015. The trigger level is expected to be 100% of the initial index level.

If the notes are not called and the final index level is greater than or equal to the knock-in level, investors will receive par at maturity. If the final index level is less than the knock-in level, investors will be fully exposed to the decline from the initial level. The knock-in level is expected to be 70% of the initial level.

The exact terms will be set at pricing.

The notes are expected to price July 26 and settle July 31.

Credit Suisse Securities (USA) LLC is the underwriter.

The Cusip number is 22546TWG2.

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