By Marisa Wong
Madison, Wis., Oct. 31 - Credit Suisse AG, Nassau Branch priced $4.25 million of 0% callable Cert Plus securities due April 30, 2014 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 in whole on July 31, 2013 at par plus a call return of 7.5%.
If the notes are not called, the payout at maturity will be par plus the underlying return of the lower-performing index.
If the final level of an index is greater than its initial level, the underlying return will be fixed at 15%. If the final level of an index is less than or equal to its initial level and a knock-in event occurs, the underlying return will equal the index return. If a knock-in event does not occur, the underlying return will be zero.
A knock-in event occurs if the final level of either index is less than or equal to 70% of 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 and Russell 2000
|
| Amount: | $4,252,000
|
| Maturity: | April 30, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus underlying return of lower-performing index; if final level of an index is greater than initial level, underlying return is fixed at 15%; if final level is less than or equal to initial level and knock-in event occurs, underlying return will equal index return; if knock-in event does not occur, underlying return will be zero
|
| Knock-in event: | Final level of either index is less than or equal to 70% of initial level
|
| Call option: | In whole on July 31, 2013 at par plus 7.5%
|
| Initial levels: | 1,411.94 for S&P 500 and 813.25 for Russell 2000
|
| Knock-in levels: | 988.3580 for S&P 500 and 569.2750 for Russell 2000; 70% of initial levels
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 2.25%
|
| Cusip: | 22546TD40
|
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