By Marisa Wong
Madison, Wis., July 30 - Credit Suisse AG, Nassau Branch priced $2.6 million of 0% Cert Plus securities due July 31, 2015 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event occurs if either index closes at or below its knock-in level, 50% of its initial level, on any day during the life of the notes.
The payout at maturity will be par plus the underlying return of the worst-performing index.
If a knock-in event has not occurred, each index's underlying return will be equal to the greater of its return and 24%.
If a knock-in event has occurred, the underlying return of each index will be equal to its return.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Cert Plus securities
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $2,604,000
|
| Maturity: | July 31, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus underlying return of worst-performing index
|
| Underlying return: | If either index closes at or below knock-in level during life of notes, each index's return will equal greater of its return and 24%; otherwise, each index's underlying return will equal its return
|
| Initial index levels: | 1,360.02 for S&P 500 and 777.11 for Russell 2000
|
| Knock-in levels: | 680.01 for S&P 500 and 388.555 for Russell 2000; 50% of initial levels
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 3%
|
| Cusip: | 22546TWH0
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
