Credit Suisse changes dates of high/low coupon callable yield notes linked to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., March 13 - Credit Suisse AG, Nassau Branch pushed back the pricing of its high/low coupon 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 will price March 14, settle March 19 and mature March 19, 2015. They were previously expected to price March 11, settle March 14 and mature March 16, 2015.

In addition, the notes will be callable at par on any interest payment date beginning Sept. 19, 2013. Previously, they were expected to be callable on any interest payment date.

The remaining terms of the notes are unchanged.

A knock-in event occurs if either underlying index falls to or below 70% of its initial level during the life of the notes.

If a knock-in event never occurs, the coupon is expected to be 7%, with the exact rate to be determined at pricing. If a knock-in event occurs during any monthly observation period, the coupon for that interest period and each subsequent interest period will be 1%. Interest is payable monthly.

If the notes are not called, the payout at maturity will be par unless a knock-in event occurs, in which case investors will receive par plus the return of the worst-performing index, up to a maximum payout of par.

Credit Suisse Securities (USA) LLC is the agent.

The Cusip number is 22546T3E9.

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