Credit Suisse plans 90% protected three-year notes on currency basket

By Susanna Moon

Chicago, July 1 - Credit Suisse AG, Nassau Branch plans to price 0% notes due July 31, 2014 linked to a basket of four currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Australian dollar, the Brazilian real, the Canadian dollar and the Norwegian krone.

The payout at maturity will be par plus 1.3 times to 1.4 times any basket gain. The exact leverage will be set at pricing.

Investors will be exposed to losses of up to 10%, with a minimum payout of 90% of par.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on July 22 and settle on July 29.

The Cusip is 22546TBR1.

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