By Angela McDaniels
Tacoma, Wash., Nov. 17 - Credit Suisse AG, Nassau Branch priced $350,000 of 6% annualized callable yield notes due Feb. 18, 2011 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
A knock-in event occurs if the index closes at or below 85% of its initial level during the life of the notes.
If a knock-in event occurs, the payout at maturity will be par plus the index return, subject to a maximum payout of par. If a knock-in event does not occur, investors will receive par.
The notes are callable at par on any interest payment date.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Callable yield notes
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Underlying index: | Russell 2000
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Amount: | $350,000
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Maturity: | Feb. 18, 2011
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Coupon: | 6%, payable monthly
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Price: | Par
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Payout at maturity: | If index falls to or below knock-in level during life of notes, par plus index return, up to maximum payout of par; otherwise, par
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Call option: | At par on any interest payment date
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Initial index level: | 719.94
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Knock-in level: | 611.949, 85% of initial level
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Pricing date: | Nov. 15
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Settlement date: | Nov. 18
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 0.25%
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Cusip: | 22546EYZ1
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