New Issue: Credit Suisse prices $2.38 million 8.5% callable yield notes on Russell 2000, funds

By Jennifer Chiou

New York, Dec. 5 - Credit Suisse AG, Nassau Branch priced $2,377,000 of 8.5% callable yield notes due Feb. 5, 2014 linked to the Russell 2000 index, the United States Oil Fund, LP and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on any interest payment date beginning on May 6, 2013.

The payout at maturity will be par unless either component falls by 40% or more of its initial level on any day during the life of the notes, in which case investors will receive par plus the return of the worst-performing component, up to a maximum payout of par.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying components: Russell 2000 index, Market Vectors Gold Miners ETF and United States Oil Fund, LP
Amount:	$2,377,000
Maturity:	Feb. 5, 2014
Coupon:	8.5%, payable monthly
Price:	Par
Payout at maturity:	Par unless either component falls to or below knock-in level during life of notes, in which case par plus return of worst-performing component, maximum payout of par
Initial levels:	823.20 for Russell, $48.04 for gold fund, $32.17 for oil fund
Knock-in levels:	493.92 for Russell, $28.824 for gold fund, $19.302 for oil fund, 60% of initial levels
Call option:	At par on any interest payment date beginning on May 6, 2013
Pricing date:	Nov. 29
Settlement date:	Dec. 4
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.25%
Cusip:	22546TJ77

© 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.