Credit Suisse plans 0% CS notes linked to euro and Swedish krona

By Jennifer Chiou

New York, July 13 - Credit Suisse AG, Nassau Branch plans to price 0% CS notes due Oct. 21, 2011 linked to the euro and the Swedish krona relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The reference rates are the euro/dollar and dollar/krona spot rates. Investors will receive a positive return on their investment only if the euro depreciates relative to the dollar and the Swedish krona appreciates relative to the dollar.

If the final spot rate for each currency is less than the initial rate, the payout at maturity will be par plus 10%.

If the final spot rate for either currency is greater than or equal to the initial rate, investors will receive 98% of par.

The notes (Cusip: 22546TBY6) are expected to price on July 18 and settle on July 20.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

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