New Issue: Credit Suisse prices $2.42 million digital-plus barrier notes on Nasdaq

By Marisa Wong

Madison, Wis., March 27 - Credit Suisse AG, Nassau Branch priced $2.42 million of 0% digital-plus barrier notes due March 31, 2014 linked to the Nasdaq 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the greater of the index return and 3.5%, subject to a cap of 25%.

If the final index level is greater than 70% of the initial index level but is less than the initial level, the payout will be par plus 3.5%. Investors will be fully exposed to the index decline from the initial level if the final level is 70% or less of the initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Digital-plus barrier notes
Underlying index:	Nasdaq 100
Amount:	$2.42 million
Maturity:	March 31, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If final level is greater than or equal to initial level, par plus greater of index return and 3.5%, capped at 25%; if index falls by less than 30%, par plus 3.5%; if index falls by 30% or more, full exposure to decline
Initial index level:	2,728.55
Knock-in level:	1,909.985, 70% of initial level
Pricing date:	March 23
Settlement date:	March 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.1%
Cusip:	22546TPV7

© 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.