Credit Suisse to price Bares linked to S&P 500, Russell 2000 indexes

By Toni Weeks

San Luis Obispo, Calif., June 28 - Credit Suisse AG plans to price 0% Buffered Accelerated Return Equity Securities due Aug. 5, 2015 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission. The issuer may offer the notes through either its Nassau branch or London Branch, the filing noted.

If the return of the least-performing underlying index is zero or positive, the payout at maturity will be par plus the fixed payment percentage of 20% to 23%. The exact percentage will be set at pricing. Investors will receive par if the least-performing index falls by up to 10% and will lose 1% for every 1% decline in the index beyond 10%.

The notes (Cusip: 22547Q5D4) are expected to price July 31 and settle Aug. 5.

Credit Suisse Securities (USA) LLC is the underwriter.

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