By Susanna Moon
Chicago, May 27 - Credit Suisse AG, Nassau Branch priced $1.54 million of 0% Cert PLUS securities due May 31, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event will occur if the index closes at or below 30% of the initial level during the life of the securities.
If the index finishes above the initial level, the payout at maturity will be par plus 1.59 times the index gain.
If the index finishes below the initial level, the payout will be par if a knock-in event never occurs and par plus the index return with exposure to losses if a knock-in event occurs.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Cert PLUS securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1.54 million
|
| Maturity: | May 31, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 159% of any index gain; if index falls, par if knock-in event never occurs and par plus return with exposure to losses if knock-in event occurs; knock-in event occurs if index closes at or below knock-in level during life of notes
|
| Initial level: | 2,816.84
|
| Knock-in level: | 845.052, 30% of initial level
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 3.5%
|
| Cusip: | 22546E6U3
|
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