Credit Suisse changes dates for high/low coupon notes linked to metals ETF, Russell 2000

By Angela McDaniels

Tacoma, Wash., Sept. 14 - Credit Suisse AG, Nassau Branch moved up the pricing, settlement and maturity dates of its upcoming high/low coupon callable yield notes linked to the Russell 2000 index and the SPDR S&P Metals & Mining exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are now expected to price Sept. 16, settle Sept. 21 and mature Sept. 21, 2012. Previously, they were expected to price Sept. 20, settle Sept. 23 and mature Sept. 24, 2012.

A knock-in event will occur if either the index or fund closes at or below 70% of its initial level.

The coupon will be 17% to 19% unless a knock-in event occurs, in which case the coupon will be 4% for that and each subsequent quarter. Interest is payable quarterly.

The payout at maturity will be par unless a knock-in event has occurred, in which case the payout will be par plus the return of the lower-performing component, up to a maximum payout of par.

The notes are callable at par on any interest payment date.

Credit Suisse Securities (USA) LLC is the underwriter.

The Cusip number is 22546TET4.

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