By Angela McDaniels
Tacoma, Wash., Oct. 25 - Credit Suisse AG, Nassau Branch priced $1.17 million of 0% Buffered Accelerated Return Equity Securities due Oct. 29, 2012 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 22.42%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Buffered Accelerated Return Equity Securities
|
| Underlying index: | Russell 2000
|
| Amount: | $1.17 million
|
| Maturity: | Oct. 29, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 22.42% if final index level is greater than or equal to initial level; par if index falls by 10% or less; 1% loss for every 1% decline beyond 10%
|
| Initial index level: | 703.43
|
| Pricing date: | Oct. 22
|
| Settlement date: | Oct. 29
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.85%
|
| Cusip: | 22546EB52
|
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