By Toni Weeks
San Diego, March 27 - Credit Suisse AG, Nassau Branch priced $10 million of 0% Buffered Accelerated Return Equity Securities due March 28, 2013 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.
If the return is zero or positive, the payout at maturity will be par plus the 10% fixed payment percentage.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond the 20% buffer.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Buffered Accelerated Return Equity Securities
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Underlying index: | Russell 2000
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Amount: | $10 million
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Maturity: | March 28, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 10% if return is zero or positive; par if index falls by 20% or less; 1.25% loss for every 1% decline in index beyond 20%
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Initial index level: | 830.03
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Pricing date: | March 23
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Settlement date: | March 28
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Underwriter: | Credit Suisse Securities (USA) LLC
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Selling concession: | None to 0.15%
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Wholesaling fee: | 0.2% to 0.3%
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Cusip: | 22546TQB0
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