By Susanna Moon
Chicago, Sept. 30 – Credit Suisse AG, London Branch priced $29.4 million of 0% Capped Leveraged Index Return Notes due Sept. 30, 2016 tied to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with weight of 45% and the MSCI EAFE index and the MSCI Emerging Markets index each with a weight of 27.5%.
The payout at maturity will be par of $10.00 plus double any basket gain, up to a maximum payout of $11.814 per note.
Investors will receive par if the basket falls by up to 5% and will lose 1% for every 1% decline beyond 5%.
BofA Merrill Lynch is the underwriter.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Capped Leveraged Index Return Notes
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| Underlying basket: | S&P 500 index (45% weight), MSCI EAFE index | (27.5% weight) and the MSCI Emerging Markets index (27.5% weight)
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| Amount: | $29,402,690
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| Maturity: | Sept. 30, 2016
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | Par plus 200% of any basket gain, capped at 18.14%; par if basket falls by up to 5%; 1% loss per 1% drop beyond 5%
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| Buffer level: | 95% of initial level
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| Pricing date: | Sept. 25
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| Settlement date: | Oct. 2
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| Underwriter: | BofA Merrill Lynch
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| Fees: | 2%
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| Cusip: | 22545F235
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