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Credit Suisse plans callable Cert PLUS notes linked to S&P, Russell
By Angela McDaniels
Tacoma, Wash., Jan. 31 - Credit Suisse AG, Nassau Branch plans to price 0% callable Cert PLUS securities due Aug. 31, 2012 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities are callable on Feb. 29, 2012 at par plus a call return that is expected to be 10%.
If the securities are not called and the worst-performing index finishes above its initial level, the payout at maturity will be par plus 150% of that index's return.
If the worst-performing index declines by less than 20%, the payout will be par.
If the worst-performing index declines by 20% or more, the payout will be par plus the return of that index.
The securities (Cusip: 22546ES54) are expected to price Feb. 23 and settle Feb. 28.
Credit Suisse Securities (USA) LLC is the underwriter.
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