By Angela McDaniels
Tacoma, Wash., April 21 - Credit Suisse AG, Nassau Branch priced $3.96 million of 0% Cert PLUS securities due April 25, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If index finishes above the initial level, the payout at maturity will be par plus 168% of the index return.
If the index finishes below the initial level, the payout at maturity will be par if the index never closes at or below 30% of its initial level during the life of the securities. Otherwise, the payout will be par plus the index return.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Cert PLUS securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $3.96 million
|
| Maturity: | April 25, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 168% of any index gain; par plus index return if return is negative and index ever closes at or below knock-in level during life of securities; otherwise, par
|
| Initial index level: | 2,921.43
|
| Knock-in level: | 876.429, 30% of initial level
|
| Pricing date: | April 20
|
| Settlement date: | April 25
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 3.5%
|
| Cusip: | 22546E4Q4
|
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