By Susanna Moon
Chicago, May 21 - Credit Suisse AG, Nassau Branch priced $500,000 of 10% callable yield notes due Nov. 24, 2014 linked to Facebook, Inc. and LinkedIn Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes may be called at par plus accrued interest on any quarterly call date beginning in August.
A knock-in event will occur if either stock falls below the % trigger level on any trading day during the life of the notes.
The payout at maturity will be par unless a knock-in event occurs, in which case investors will share in any losses of the worse performing stock.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Callable yield notes
|
| Underlying stocks: | Facebook, Inc. (Symbol: FB) and LinkedIn Corp. (Symbol: LNKD)
|
| Amount: | $500,000
|
| Maturity: | Nov. 24, 2014
|
| Coupon: | 10%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless either stock ever closes below knock-in level, in which case full exposure to losses of worse performing stock
|
| Call: | At par plus accrued interest on any quarterly date beginning in August
|
| Initial levels: | $26.25 for Facebook, $182.35 for LinkedIn
|
| Knock-in level: | $13.125 for Facebook, $91.175 for LinkedIn; 50% of initial levels
|
| Pricing date: | May 17
|
| Settlement date: | May 22
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.5%
|
| Cusip: | 22547Q2E5
|
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