Credit Suisse to price 11% STEP Income Securities tied to FireEye

By Jennifer Chiou

New York, March 5 – Credit Suisse AG plans to price 11% STEP Income Securities due March 2016 linked to FireEye, Inc. shares, according to an FWP with the Securities and Exchange Commission.

Interest will be payable quarterly.

If the price of FireEye shares finishes at or above the step level - 111% of the initial price - the payout at maturity will be par of $10 plus a step payment of 1% to 5% that will be set at pricing.

If the stock return is zero or positive but the share price finishes below the step level, the payout will be par.

Investors will receive par for losses up to 5% and will be exposed to any losses beyond 5%.

The notes are expected to price and settle in March.

BofA Merrill Lynch is the agent.

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