Credit Suisse plans Stars tied to S&P 500 index via BofA Merrill Lynch

By Toni Weeks

San Luis Obispo, Calif., Feb. 2 – Credit Suisse AG plans to price 0% Strategic Accelerated Redemption Securities due March 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

BofA Merrill Lynch is the agent.

If the index closes at or above its initial level on any observation date, the notes will be called at par of $10 plus an annualized call premium of 7% to 11%. The call dates are six, nine and 12 months after pricing, and the actual call premium will be set at pricing.

If the notes are not called, investors will be fully exposed to losses.

The notes will price in February and settle in March.

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