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Credit Suisse plans callable Cert PLUS securities on S&P 500, Russell
By Jennifer Chiou
New York, March 31 - Credit Suisse AG, Nassau Branch plans to price 0% callable Cert PLUS securities due Oct. 29, 2012 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities are callable on April 30, 2012 at par plus a call return that is expected to be 8%.
If the securities are not called and the worse-performing index finishes above its initial level, the payout at maturity will be par plus 125% of that index's gain.
If the worse-performing index declines by less than 20%, the payout will be par.
If the worse-performing index declines by 20% or more, the payout will be par plus the return of that index.
The securities (Cusip: 22546E3X0) are expected to price on April 25 and settle on April 29.
Credit Suisse Securities (USA) LLC is the underwriter.
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