By Angela McDaniels
Tacoma, Wash., Oct. 10 - Credit Suisse AG, Nassau Branch priced $2.95 million of 0% optimal entry enhanced participation equity securities due Oct. 14, 2014 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The lookback level will be the index's lowest closing level during the lookback observation period, which began on the pricing date and will end on Dec. 10.
If the final index level is greater than or equal to the lookback level, the payout at maturity will be par plus 150% of the gain, subject to a maximum return of 17.33%. Investors will receive par if the index declines by 10% or less from the lookback level and will lose 1.111111% for every 1% that it declines beyond 10%.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Optimal entry enhanced participation equity securities
|
| Underlying index: | MSCI EAFE
|
| Amount: | $2.95 million
|
| Maturity: | Oct. 14, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to lookback level, par plus 150% of the gain, subject to maximum return of 17.33%; par if index declines by 10% or less from lookback level; 1.111111% loss for every 1% that index declines beyond 10%
|
| Lookback level: | Index's lowest closing level from pricing date through Dec. 10
|
| Pricing date: | Oct. 8
|
| Settlement date: | Oct. 15
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 2.4%
|
| Cusip: | 22546TC25
|
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