By Angela McDaniels
Tacoma, Wash., April 11 - Credit Suisse AG, London Branch priced $1.88 million of 0% accelerated barrier notes due April 13, 2018 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event occurs if the final level of either underlying component is less than or equal to its knock-in level, 60% of its initial level.
The payout at maturity will be par plus the underlying return of the lowest performing underlying component.
If an underlying component's final level is greater than or equal to its initial level, its underlying return will be 230% of the component return. If an underlying component's final level is less than its initial level and a knock-in event has not occurred, its underlying return will be zero. If an underlying component's final level is less than its initial level and a knock-in event has occurred, its underlying return will be equal to the component return.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Accelerated barrier notes
|
| Underlying components: | Euro Stoxx 50 index and iShares MSCI Emerging Markets ETF
|
| Amount: | $1,875,000
|
| Maturity: | April 13, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus underlying return of lowest performing component
|
| Underlying return: | If component's final level is greater than or equal to initial level, 230% of component return; if component's final level is less than initial level and knock-in event has not occurred, zero; if component's final level is less than initial level and knock-in event has occurred, equal to component return
|
| Knock-out event: | Final level of either component is less than or equal to knock-in level
|
| Initial component levels: | 3,152.86 for index and $41.83 for ETF
|
| Knock-in level: | 1,891.716 for index and $25.098 for ETF; 60% of initial levels
|
| Pricing date: | April 10
|
| Settlement date: | April 14
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.55%
|
| Cusip: | 22547QL38
|
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