By Angela McDaniels
Tacoma, Wash., Jan. 20 - Credit Suisse AG, Nassau Branch priced $5.12 million of 0% digital barrier notes due Feb. 22, 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.
If a knock-in event has not occurred, each component's underlying return will be 20.25%.
If a knock-in event has occurred and the component's final level is greater than or equal to its initial level, its underlying return will be 1%.
If a knock-in event has occurred and the component's final level is less than its initial level, its underlying return will be the sum of its return plus 1%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, Nassau Branch
|
Issue: | Digital barrier notes
|
Underlying components: | Russell 2000 index and Market Vectors Gold Miners ETF
|
Amount: | $5,117,000
|
Maturity: | Feb. 22, 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, 20.25%; if knock-in event has occurred and component's final level is greater than or equal to its initial level, 1%; if knock-in event has occurred and component's final level is less than its initial level, sum of its return plus 1%
|
Knock-in event: | Either underlying component closes at or below its knock-in level during life of notes
|
Initial levels: | 779.26 for index and $53.24 for ETF
|
Knock-in levels: | 467.556 for index and $31.944 for ETF; 60% of initial levels
|
Pricing date: | Jan. 18
|
Settlement date: | Jan. 23
|
Agent: | Credit Suisse Securities (USA) LLC
|
Fees: | None
|
Cusip: | 22546TKW0
|
© 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.