Credit Suisse plans high/low coupon callable notes on indexes, fund

By Susanna Moon

Chicago, Sept. 16 - Credit Suisse AG, Nassau Branch plans to price high/low coupon callable yield notes due March 30, 2012 linked to the S&P 500 index, the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if any underlying component closes at or below 70% of its initial level.

Interest is payable every other month. The coupon will be 15% to 17% per year unless a knock-in event occurs, in which case the coupon will be 4% per year for that and each subsequent interest period.

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 lowest-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 notes will price on Sept. 27 and settle on Sept. 30.

The Cusip number is 22546TEY3.

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