By Angela McDaniels
Tacoma, Wash., Oct. 4 - Credit Suisse AG, Nassau Branch priced $936,000 of 0% callable Cert Plus securities due April 4, 2013 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are callable at par plus 10% on April 5, 2012.
If the worst-performing index finishes above its initial level, the payout at maturity will be par plus 150% of that index's return.
If the final level of the worst-performing index is less than its initial level but neither index finishes below its knock-in level, the payout will be par. Each index's knock-in level is 60% of its initial level.
If the final level of either index is less than its knock-in level, investors will be fully exposed to the worst-performing index's decline from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Callable Cert Plus securities
|
| Underlying indexes: | S&P 500 index and Russell 2000 index
|
| Amount: | $936,000
|
| Maturity: | April 4, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of worst-performing index's return if that index gains; par if worst-performing index's return is negative but neither index finishes at or below its knock-in level; otherwise, par plus return of worse-performing index
|
| Call option: | At par plus 10% on April 5, 2012
|
| Initial levels: | 1,131.42 for S&P 500 and 644.16 for Russell 2000
|
| Knock-in levels: | 678.852 for S&P 500 and 386.496 for Russell 2000; 60% of initial levels
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 5
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 22546TEZ0
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
