Credit Suisse plans contingent coupon callable yield notes on basket

By Angela McDaniels

Tacoma, Wash., March 28 - Credit Suisse AG, Nassau Branch plans to price contingent coupon callable yield notes due May 4, 2015 linked to the S&P 500 index, the Russell 2000 index and the United States Oil Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a semiannual coupon of 7.5% to 8.5% per year if each underlying component closes at or above its barrier level on the observation date for that period. Otherwise, no coupon will be paid that period. The barrier level will be 70% of the underlying component's initial level.

The notes will be callable at par plus the contingent coupon, if any, on any interest payment date.

The payout at maturity will be par unless any underlying component finishes at or below its knock-in level, in which case investors will be fully exposed to the decline of the worst-performing underlying component from its initial level. The knock-in level will be 70% of its initial level.

Credit Suisse Securities (USA) LLC is the agent.

The notes are expected to price April 30 and settle May 3.

The Cusip number is 22546T4Q1.

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