By Jennifer Chiou
New York, March 12 - Credit Suisse AG, Nassau Branch priced $14,229,000 of 0% buffered digital equity securities due June 26, 2014 linked to the Euro Stoxx 50 index and the euro relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
If the composite index return is at or above the 85% trigger level, the payout at maturity will be par plus the fixed return of 8.8%.
Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.
The composite return is equal to the index return multiplied by the currency return.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Buffered digital equity securities
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Underlying index: | Euro Stoxx 50
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Amount: | $14,229,000
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Maturity: | June 26, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If composite index return is at or above the 85% trigger level, par plus 8.8%; 1.1765% loss per 1% drop beyond 15%
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Initial index level: | 2,728.78
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Initial spot rate: | 1.29815
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Pricing date: | March 8
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Settlement date: | March 15
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 1.2%
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Cusip: | 22546T3N9
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