Credit Suisse updates maturity of planned 10%-12% callable yield notes on S&P 500, Russell 2000

By Jennifer Chiou

New York, Aug. 31 - Credit Suisse AG, Nassau Branch revised the planned maturity date for its upcoming 10% to 12% callable yield notes linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are to come due on Dec. 31, 2012, changed from April 1, 2013.

As reported, interest is payable quarterly.

The notes are callable at par on any interest payment date.

The payout at maturity will be par unless either index closes at or below its knock-in level - 75% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worst-performing index, subject to a maximum payout of par.

The notes (Cusip: 22546TEJ6) will price on Sept. 23 and settle on Sept. 30.

Credit Suisse Securities (USA) LLC is the agent.

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