Credit Suisse plans autocallable notes linked to iShares Silver Trust

By Jennifer Chiou

New York, Oct. 12 - Credit Suisse AG, Nassau Branch plans to price 0% autocallable notes due April 19, 2011 linked to the iShares Silver Trust, according to an FWP filing with the Securities and Exchange Commission.

The underlying asset, an investment trust formed on April 21, 2006 and sponsored by BlackRock Asset Management International Inc., a subsidiary of BlackRock, Inc., is designed to provide investors with a means to invest in silver and seeks to mirror as closely as possible the price of silver bullion, before fees and expenses.

If the closing level of the trust is at or above its initial level on any of the observation dates, the notes will be called at par plus a call premium of 4.625% if called on Jan. 13, 2011 and a premium of 9.25% if called on April 14, 2011.

If the notes are not called and the trust closes at or above 80% of the initial level during the life of the notes, the payout at maturity will be par. Otherwise, investors will receive par plus the return, with exposure to any losses and a cap of par.

The notes (Cusip: 22546EC28) will price on Oct. 14 and settle on Oct. 19.

Credit Suisse Securities (USA) LLC is the agent.

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