Credit Suisse plans digital plus barrier notes on S&P 500, gold ETF

By Jennifer Chiou

New York, Aug. 24 - Credit Suisse AG, Nassau Branch plans to price 0% digital plus barrier notes due March 5, 2013 linked to the S&P 500 index and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if the final level of either underlying closes at or below 60% of the initial level.

If a knock-in event has not occurred, the payout at maturity will be par plus the greater of the fixed payment percentage, which is expected to be 11%, and the return of the lowest-performing underlying.

If a knock-in event has occurred, investors will share in the losses of the lowest-performing underlying.

The notes (Cusip: 22546TDT5) are expected to price on Aug. 30 and settle on Sept. 2.

Credit Suisse Securities (USA) LLC is the agent.

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