Credit Suisse plans digital barrier notes linked to S&P, Russell 2000

By Angela McDaniels

Tacoma, Wash., Dec. 21 - Credit Suisse AG, Nassau Branch plans to price 0% digital barrier notes due Jan. 4, 2013 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If either index finishes at or below its knock-in level, 60% of its initial level, then investors will be fully exposed to the decline of the lowest-performing index from its initial level. Otherwise, the payout at maturity will be par plus the fixed percentage, which is expected to be 8% and will be set at pricing.

The notes (Cusip: 22546TJY8) are expected to price Dec. 23 and settle Dec. 30.

Credit Suisse Securities (USA) LLC is the agent.

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