By Marisa Wong
Madison, Wis., June 25 - Credit Suisse AG, Nassau Branch priced $2.97 million of 0% securities due June 26, 2014 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if the fund closes at or above the initial level on the Sept. 23, 2013 review date.
If a trigger event occurs, the securities will be automatically called at par plus a call return of 12%.
If the notes are not called, investors will receive a contingent early payment on Sept. 26, 2013 equal to par multiplied by the fixed payment percentage of 6%.
If the fund finishes at or above the initial price, the payout at maturity will be par plus 150% of the gain.
If the final price is less than the initial price but greater than or equal to the knock-in level, 70% of the initial price, the payout will be par.
If the final price is below the knock-in level, investors will be fully exposed to losses.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Index fund-linked securities
|
| Underlying ETF: | iShares MSCI Emerging Markets index fund
|
| Amount: | $2,974,000
|
| Maturity: | June 26, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | Par plus 12% if fund closes at or above initial level on Sept. 23, 2013; if notes are not called, investors will receive a contingent early payment of par times 6%
|
| Payout at maturity: | If fund finishes at or above initial price, par plus 150% of gain; if final price is less than initial price but greater than or equal to knock-in level, par; otherwise, full exposure to losses
|
| Initial price: | $37.65
|
| Trigger level: | $26.355, 100% of initial price
|
| Knock-in level: | $26.355, 70% of initial price
|
| Pricing date: | June 21
|
| Settlement date: | June 26
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.05%
|
| Cusip: | 22546TVM0
|
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