Credit Suisse plans accelerated return notes tied to Apple via Merrill

By Susanna Moon

Chicago, Nov. 6 - Credit Suisse AG, Nassau Branch plans to price 0% Accelerated Return Notes due May 30, 2014 linked to Apple Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in Apple stock, up to an underlying return of 33% to 38%. The exact cap will be set at pricing.

Investors will receive par if the stock falls by up to 25% and will be fully exposed to losses if the stock falls below the 75% knock-in level.

Bank of America Merrill Lynch is the underwriter.

The notes will price on Nov. 27 and settle on Nov. 30.

The Cusip number is 22546TJ28.

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