By Jennifer Chiou
New York, June 26 - Credit Suisse AG, Nassau Branch priced $2,895,000 of contingent coupon yield notes due June 28, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a quarterly coupon at an annualized rate of 6.8% if the index closes at or above the 70% coupon barrier level on the observation date for that quarter.
The payout at maturity will be par unless the index finishes at or below the 70% knock-in level, in which case investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Contingent coupon yield notes
|
| Underlying index: | Russell 2000
|
| Amount: | $2,895,000
|
| Maturity: | June 28, 2019
|
| Coupon: | 6.8% for each quarter that index closes at or above coupon barrier level on quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless index finishes at or below knock-in level, in which case full exposure to losses
|
| Initial index level: | 963.68
|
| Barrier level: | 674.576; 70% of initial level
|
| Pricing date: | June 21
|
| Settlement date: | June 28
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 3%
|
| Cusip: | 22547Q3P9
|
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