By Marisa Wong
Madison, Wis., March 19 - Credit Suisse AG, Nassau Branch priced $3.1 million of 6% autocallable yield notes due Sept. 22, 2014 linked to the Russell 2000 index and the iShares MSCI Brazil capped index fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes will be automatically called at par plus accrued interest if both components close above their initial levels on any quarterly call date.
A knock-in event will occur if either component falls to or below the knock-in level, 70% of the initial level, on any trading day.
If a knock-in event does not occur, the payout at maturity will be par.
If a knock-in event occurs, investors will receive par plus the return of the lesser performing component, up to a maximum payout of par.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Autocallable yield notes
|
| Underlying components: | Russell 2000 index and iShares MSCI Brazil capped index fund
|
| Amount: | $3,101,000
|
| Maturity: | Sept. 22, 2014
|
| Coupon: | 6%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless either component falls to or below knock-in level on any trading day, in which case par plus return of lesser performing component, up to a maximum payout of par
|
| Call: | At par plus accrued interest if both components close above initial levels on any quarterly call date
|
| Initial levels: | 952.48 for Russell 2000, $55.72 for ETF
|
| Knock-in levels: | 666.736 for Russell 2000, $39.004 for ETF; 70% of initial levels
|
| Pricing date: | March 15
|
| Settlement date: | March 20
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.5%
|
| Cusip: | 22546T3M1
|
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