Credit Suisse plans digital plus barrier notes linked to two indexes

By Angela McDaniels

Tacoma, Wash., Oct. 13 - Credit Suisse AG, Nassau Branch plans to price 0% digital plus barrier notes due Dec. 3, 2012 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if either index closes at or below its knock-in level, which is expected to be 50% of its initial level, on any day during the life of the notes.

If a knock-in event does not occur, the payout will be par plus the fixed payment percentage, which is expected to be 8% to 10%.

If a knock-in event occurs and the final level of the worst-performing index is greater than or equal to its initial level, the payout will be par.

If a knock-in event occurs and the final level of the worst-performing index is less than its initial level, the payout will be par plus the return of the worst-performing index.

The notes (Cusip: 22546TGA3) are expected to price Oct. 28 and settle Nov. 3.

Credit Suisse Securities (USA) LLC is the agent.

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