Credit Suisse to price cert plus notes linked to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., Aug. 30 - Credit Suisse AG plans to price 0% cert plus securities due Oct. 3, 2017 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the underlying return of the lowest-performing index.

If an index's final level is greater than or equal to its initial level, its underlying return will be 135% to 140% of the index return. The exact upside participation rate will be set at pricing.

If an index's final level is less than its initial level and a knock-in event occurs, that index's underlying return will be equal to its decline. A knock-in event occurs if the final level of either index is less than or equal to 50% of its initial level.

If an index's final level is less than its initial level and a knock-in event does not occur, that index's underlying return will be zero.

Credit Suisse Securities (USA) LLC is the agent.

The notes are expected to price Sept. 30 and settle Oct. 3.

The Cusip number is 22547QAM8.

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