Credit Suisse plans capped Leveraged Index Return Notes on Russell 2000

By Jennifer Chiou

New York, April 30 - Credit Suisse AG, Nassau Branch plans to price capped Leveraged Index Return Notes due May 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, subject to a maximum return of 13% to 17% that will be set at pricing.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.

The final index value will be the average of the closing index levels on the five trading days shortly before the maturity date.

The notes are expected to price in May and settle in June.

BofA Merrill Lynch is the agent.

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