Credit Suisse plans high/low coupon notes linked to EM, Brazil funds

By Angela McDaniels

Tacoma, Wash., April 24 - Credit Suisse AG plans to price high/low coupon callable yield notes due Aug. 31, 2015 linked to the iShares MSCI Emerging Markets exchange-traded fund and the iShares MSCI Brazil Capped ETF, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event occurs if either underlying fund closes below 70% of its initial share price on any day during the life of the notes.

The coupon is expected to be 8.5% to 10.5% per year unless a knock-in event occurs during a quarterly observation period, in which case the coupon for that interest period and each subsequent interest period will be 1%. Interest will be payable quarterly.

The notes will be callable at par on any interest payment date.

The payout at maturity will be par unless a knock-in event occurs, in which case investors will receive par plus the return of the worst-performing fund, up to a maximum payout of par.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price May 27 and settle May 30.

The Cusip number is 22547QMU7.

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