Credit Suisse plans high/low coupon buffered notes linked to Russell

By Toni Weeks

San Luis Obispo, Calif., April 3 - Credit Suisse AG, Nassau Branch plans to price high/low coupon buffered securities due April 30, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

A coupon barrier event occurs if the index falls below the coupon barrier level on any of five annual observation dates. The coupon barrier level is expected to be about 100% of the initial index level.

If a coupon barrier event does not occur for an annual interest period, the corresponding interest rate for that interest period is expected to be 5.25% to 6% per year. Otherwise if will be 1.5%.

If the final index level is at least 80% of the initial level, the payout at maturity will be par. Otherwise investors will lose 1% for every 1% decline beyond the 20% buffer.

The notes (Cusip: 22546T5A5) are expected to price April 26 and settle April 30.

Credit Suisse Securities (USA) LLC is the agent.

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