Tutorial Spencer Neel

Step 1. Use the Type tool to create an N and make it 80 pt. Zoom in (command +) to make the creation easier.

Step 2. Click the N, go to Effect-Distort & Transform-Free Distort and move the bottom two anchors backwards to make it slanted forward. Make the N red.

Step 3. Create a square shape and make it overlap the left leg.

Step 4. Create a copy of the N. Move it aside, then select both the original N and the square covering the left leg and right click. Select "Make Clipping Mask".

Step 5. Now that you have the leg, change the color of the leg to black (you have to double click the leg to go into the layer and then select the shape and color) and carefully overlap the leg with the copy of the N. Use the Arrow Keys to move the leg to be as precise as possible.

Step 6. Repeat the process of making a clipping mask but for the right leg. 

Step 7. Type a capital S that's 80 pt and color it red.

Step 8. Free Transform the S the opposite way of the N so that the S and the N create the image below when they overlap. Make sure the S is behind the N.

Step 9. Create a clipping mask for the bottom half of the S. Try messing around with different shapes in order to get the best mask. Copy the S to not mess with the image.

Step 10. Put the mask on the S.  Make it bigger or add a stroke if the mask fails to hide all the color of the original S. 

Finished!