By Jennifer Chiou
New York, June 28 - Credit Suisse AG, Nassau Branch priced $1.5 million of 0% Cert Plus securities due June 30, 2015 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event occurs if either index closes at or below its knock-in level, 50% 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 worst-performing index.
If a knock-in event has not occurred, each index's underlying return will be equal to the greater of its return and 26%.
If a knock-in event has occurred, the underlying return of each index will be equal to its return.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Cert Plus securities
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $1.5 million
|
| Maturity: | June 30, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Plus underlying return of worst-performing index
|
| Underlying return: | If either index closes at or below knock-in level during life of notes, each index's return will equal the greater of its return and 26%; otherwise, each index's underlying return will equal its return
|
| Initial index levels: | 1,319.99 for S&P 500 and 765.02 for Russell 2000
|
| Knock-in levels: | 659.995 for S&P 500 and 382.51 for Russell 2000; 50% of initial levels
|
| Pricing date: | June 26
|
| Settlement date: | June 29
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 3%
|
| Cusip: | 22546TUY5
|
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