Credit Suisse plans accelerated return notes on international basket

By Wendy Van Sickle

Columbus, Ohio, Dec. 1 – Credit Suisse AG plans to price 0% accelerated return notes linked to an international equity index basket, according to a 424B2 filed with the Securities and Exchange Commission.

The underlying basket is made up of the Euro Stoxx 50 index with a 40% initial weight, the FTSE 100 index and the Nikkei Stock Average index with initial weights of 20% each, the Swiss Market index and the S&P/ASX 200 index with initial weights of 7.5% each and the Hang Seng index with a 5% initial weight.

The notes’ tenor is expected to be about 14 months.

The payout at maturity will be par plus 300% of any basket gain, with a maximum return between 11% and 15%. The exact cap will be set at pricing. Investors will be fully exposed to any decline in the basket.

Merrill Lynch & Co. is the agent.

The notes will price and settle in December.

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