Credit Suisse plans to price Bares due 2017 linked to S&P 500 index

By Marisa Wong

Morgantown, W.Va., Nov. 23 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due March 6, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus 250% of the index return, capped at 13.1%. The exact upside participation rate and cap will be set at pricing. Investors will receive par if the index falls by 5% or less and will lose 1% for every 1% that the index declines beyond 5%.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes are expected to price on Dec. 1.

The Cusip number is 22546VQV1.

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