New Issue: Credit Suisse prices $84,000 8% callable yield notes linked to Russell, Brazil ETF

By Marisa Wong

Madison, Wis., June 3 - Credit Suisse AG, Nassau Branch priced $84,000 of 8% callable yield notes due Sept. 4, 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 monthly.

A knock-in event occurs if either underlying component closes at or below its knock-in level, 65% of the initial level, on any day during the life of the notes.

The payout at maturity will be par unless a knock-in event occurs, in which case investors will receive par plus the return of the worst-performing component, up to a maximum payout of par.

The notes are callable at par on any interest payment date.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying components:	Russell 2000 and iShares MSCI Brazil capped index fund
Amount:	$84,000
Maturity:	Sept. 4, 2014
Coupon:	8%, payable monthly
Price:	Par
Payout at maturity:	If either component falls to or below its knock-in level during the life of the notes, par plus return of worst-performing underlying component, up to a maximum payout of par; otherwise, par
Call option:	At par on any interest payment date
Initial levels:	$52.37 for ETF, 994.43 for index
Knock-in levels:	$34.0405 for ETF, 646.3795 for index; 65% of initial levels
Pricing date:	May 30
Settlement date:	June 4
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22546T7C9

© 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.