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

By Jennifer Chiou

New York, Nov. 6 - Credit Suisse AG, Nassau Branch plans to price high/low coupon callable yield notes due Nov. 15, 2013 linked to the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to an FWP with the Securities and Exchange Commission.

A knock-in event occurs if any underlying component ever falls to or below the 65% trigger level during the life of the notes.

The coupon will be 9% if a knock-in event never occurs during any monthly observation period. Otherwise, the coupon for that period and each subsequent interest period will be 1%. Interest is payable monthly.

The notes are callable at par on any interest payment date beginning on March 15, 2013.

The payout at maturity will be par unless either component falls to or below its knock-in level during the life of the notes, in which case investors will receive par plus the return of the worst-performing component, up to a maximum payout of par.

The notes (Cusip: 22546TG96) are expected to price on Nov. 12 and settle on Nov. 15.

Credit Suisse Securities (USA) LLC is the agent.

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