New Issue: Credit Suisse prices $587,000 9% callable yield notes linked to fund, two indexes

By Susanna Moon

Chicago, July 26 - Credit Suisse AG, Nassau Branch priced $587,000 of 9% annualized callable yield notes due April 29, 2013 linked to the S&P 500 index, the Russell 2000 index 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.

The payout at maturity will be par unless any component falls to or below the 62.5% knock-in level 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:	S&P 500 index, Russell 2000 index and Market Vectors Gold Miners ETF
Amount:	$587,000
Maturity:	April 29, 2013
Coupon:	9%, payable monthly
Price:	Par
Payout at maturity:	Par unless any component ever closes to or below trigger level, in which case par plus return of worst-performing component, capped at par
Initial levels:	1,338.31 for S&P, 767.75 for Russell and $40.72 for gold fund
Knock-in levels:	836.44375 for S&P, 479.84375 for Russell and $25.45 for gold fund; 62.5% of initial levels
Call option:	At par on any interest payment date
Pricing date:	July 24
Settlement date:	July 27
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.75%
Cusip:	22546TWC1

© 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.