Credit Suisse plans high/low coupon callable notes on index, funds

By Susanna Moon

Chicago, April 2 - Credit Suisse AG, Nassau Branch plans to price high/low coupon callable yield notes due April 18, 2013 linked to the Russell 2000 index, the United States Oil Fund, LP and the Market Vectors Gold Miners Exchange-Traded Fund, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event occurs if any underlying component falls to or below 60% of its initial level during any observation period.

If a knock-in event never occurs, the coupon will be 10% to 12%, with the exact rate to be set at pricing. If a knock-in event occurs during any quarterly observation period, the coupon for that interest period and each subsequent interest period will be 1%. Interest is payable monthly.

The notes are callable on any interest payment date.

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

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on April 13 and settle on April 18.

The Cusip number is 22546TQL8.

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