By Angela McDaniels
Tacoma, Wash., April 27 - Credit Suisse AG, Nassau Branch priced $215,000 of 4% digital barrier coupon notes due May 2, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable annually.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 11%.
If the final index level is less than the initial index level and greater than 70% of the initial index level, the payout will be par.
If the final index level is less than or equal to 70% of the initial index level, investors will be fully exposed to the index decline from the initial level.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Digital barrier coupon notes
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Underlying index: | S&P 500
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Amount: | $215,000
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Maturity: | May 2, 2016
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Coupon: | 4%, payable annually
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to initial index level, par plus 11%; if final index level is less than initial index level and greater than knock-in level, par; if final index level is less than or equal to knock-in level, full exposure to index decline from initial level
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Initial index level: | 1,390.69
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Knock-in level: | 973.483, 70% of initial level
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Pricing date: | April 25
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Settlement date: | April 30
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22546TQP9
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