By Susanna Moon
Chicago, Aug. 29 - Credit Suisse AG, London Branch priced $10.85 million of 0% accelerated return notes due Aug. 30, 2016 linked to a basket of four equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying components are the Hang Seng China Enterprises index, the MSCI Taiwan index, the Hang Seng index and the MSCI Singapore Free index.
The payout at maturity will be par plus 148% of any basket gain.
Investors will receive par if the basket falls by up to 20% and will be fully exposed to any losses if the basket finishes below its 80% knock-in level.
Barclays is the placement agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Accelerated return notes
|
| Underlying indexes: | Hang Seng China Enterprises index, MSCI Taiwan index, Hang Seng index and MSCI Singapore Free index, equally weighted
|
| Amount: | $10.85 million
|
| Maturity: | Aug. 30, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 148% of any basket gain; par if basket falls by 20% or less; full exposure to losses if basket falls below knock-in level
|
| Knock-in level: | 80% of initial level
|
| Pricing date: | Aug. 28
|
| Settlement date: | Aug. 30
|
| Underwriter: | Barclays
|
| Fees: | 3%
|
| Cusip: | 22547QAC0
|
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