Credit Suisse to price ARES linked to Commodities Benchmark index

By Angela McDaniels

Tacoma, Wash., May 2 - Credit Suisse AG, Nassau Branch plans to price 0% Accelerated Return Equity Securities due May 29, 2015 linked to the Credit Suisse Commodities Benchmark Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 120% to 130% of the index return if the return is positive. Investors will be exposed to the decline if the return is negative. The exact upside participation rate will be set at pricing.

The index is designed to measure the performance of a diverse set of commodities using commodity futures contracts with terms of about one to three months. The commodities included in the index are weighted based on worldwide production as well as the trading volume and open positions in the related commodity futures contracts. The futures contracts referenced in the index are rebalanced monthly and are rolled into new futures contracts according to a predetermined schedule.

The notes (Cusip: 22546E6A7) are expected to price May 23 and settle May 31.

Credit Suisse Securities (USA) LLC is the underwriter.

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