By Angela McDaniels
Tacoma, Wash., Dec. 27 - Credit Suisse AG, Nassau Branch priced $1.19 million of 0% digital barrier notes due Jan. 25, 2013 linked to the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event will occur if either underlying component closes at or below its knock-in level - 60% of its initial level - on any day during the life of the notes.
The payout at maturity will be par plus the underlying return of the lowest-performing component.
For each component, the underlying return will be:
• 24.5% if a knock-in event has not occurred;
• 1% if that component's final level is greater than or equal to its initial level; or
• The component's return plus 1% if that component's final level is less than its initial level.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Digital barrier notes
|
| Underlying components: | Russell 2000 and Market Vectors Gold Miners ETF
|
| Amount: | $1,191,000
|
| Maturity: | Jan. 25, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus underlying return of lowest-performing component
|
| Underlying return: | If knock-in event has not occurred, 24.5%; if component's final level is greater than or equal to its initial level, 1%; otherwise that component's return plus 1%
|
| Knock-in event: | Either underlying component closes at or below its knock-in level during life of notes
|
| Initial index levels: | 745.51 for Russell 2000 and $52.35 for Market Vectors Gold Miners
|
| Knock-in levels: | 447.306 for Russell 2000 and $31.41 for Market Vectors Gold Miners; 50% of initial levels
|
| Pricing date: | Dec. 22
|
| Settlement date: | Dec. 28
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 22546TJX0
|
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