By Marisa Wong
Madison, Wis., June 24 - Credit Suisse AG, Nassau Branch priced $5 million of 0% Buffered Accelerated Return Equity Securities due July 26, 2012 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to 80% of the initial level, the payout at maturity will be par plus a fixed payment of 6.35%.
Investors will share in any losses beyond the 20% buffer.
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: | $5 million
|
| Maturity: | July 26, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to 80% initial level, par plus 6.35%; investors share in losses beyond 20%
|
| Initial index level: | 802.68
|
| Pricing date: | June 23
|
| Settlement date: | June 28
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.1%
|
| Cusip: | 22546TBM2
|
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