By Jennifer Chiou
New York, Oct. 5 - Credit Suisse AG, Nassau Branch priced $550,000 of 15.5% autocallable reverse convertible securities due April 6, 2012 linked to the common stock of Goldman Sachs Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable quarterly.
If the closing price of Goldman Sachs shares is greater than the initial share price on Jan. 3 or April 3, 2012, the notes will be automatically called at par.
If the notes are not called, the payout at maturity will be par unless Goldman Sachs shares fall below 50% of the initial share price at any time on any day during the life of the notes and the final share price is less than the initial share price, in which case the payout will be a number of Goldman Sachs shares equal to $1,000 divided by the initial share price.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Autocallable reverse convertible securities
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| Underlying stock: | Goldman Sachs Group, Inc. (Symbol: GS)
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| Amount: | $550,000
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| Maturity: | April 6, 2012
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| Coupon: | 15.5%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless Goldman Sachs shares fall below 50% of the initial share price at any time on any day during the life of the notes and the final share price is less than the initial share price, in which case the payout will be a number of Goldman Sachs shares equal to $1,000 divided by the initial share price
|
| Call: | Automatically if the closing price of Goldman Sachs shares is greater than the initial share price on Jan. 3 or April 3, 2012
|
| Pricing date: | Oct. 3
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| Settlement date: | Oct. 6
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Cusip: | 22546TFA4
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