Credit Suisse plans digital-plus barrier notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., July 3 - Credit Suisse AG, Nassau Branch plans to price 0% digital-plus barrier notes due Aug. 4, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the greater of the index return and the fixed payment percentage if the final index level is greater than or equal to the initial index level, subject to a maximum return of 37.5% and 42.5%. The fixed payment percentage is expected to be 10%. The exact maximum return and fixed payment percentage will be set at pricing.

If the final index level is more than 75% of the initial index level but is less than the initial level, the payout will be par plus the fixed payment percentage. Investors will be fully exposed to the index decline from the initial level if the final index level is 75% or less of the initial level.

The notes are expected to price July 27 and settle Aug. 3.

Credit Suisse Securities (USA) LLC is the agent.

The Cusip number is 22546TWD9.

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