Credit Suisse plans Leveraged Index Return Notes linked to indexes

By Angela McDaniels

Tacoma, Wash., Aug. 29 – Credit Suisse AG plans to price 0% Leveraged Index Return Notes due September 2016 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index with a 45% weight, the MSCI EAFE index with a 27.5% weight and the MSCI Emerging Markets index with a 27.5% weight.

The payout at maturity will be par of $10 plus 200% of any basket gain, subject to a maximum return that is expected to be 15% to 19% and will be set at pricing. Investors will receive par if the basket falls by up to 5% and will lose 1% for every 1% that it declines beyond 5%.

BofA Merrill Lynch is the underwriter.

The notes will price in September and settle in October.

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