Correction: Credit Suisse plans contingent coupon notes tied to stocks

A story published in the Feb. 15 edition of Prospect News Structured Products Daily misidentified the issuer of the callable contingent coupon notes due Feb. 26, 2015 linked to the stock of four companies. A corrected version follows.

By Susanna Moon

Chicago, Feb. 19 - Credit Suisse AG, Nassau Branch plans to price callable contingent coupon notes due Feb. 26, 2015 linked to the stock of four companies, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are PepsiCo, Inc., CVS Caremark Corp., Philip Morris International Inc. and Procter & Gamble Co.

The notes will pay a coupon at an annualized rate of 6% to 10% for each quarter that no underlying stock closes below the 80% coupon barrier level.

The notes will be called at par plus the contingent coupon if any stock closes above its initial level on any quarterly review date.

If the notes are not called, the payout at maturity will be par unless any stock finishes below the 75% knock-in level, in which case investors will receive a number of shares of the worst performing stock equal to $1,000 divided by the initial share price or, at Barclays' option, the cash equivalent.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Feb. 19 and settle on Feb. 26.

The Cusip number is 22546T2E0.

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