By Susanna Moon
Chicago, Feb. 13 - Credit Suisse AG London Branch priced $3 million of 5% coupon buffered securities due Feb. 17, 2015 linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless either component finishes below the 85% barrier level, in which case investors will lose 1.17647% for every 1% decline of the worst performing component beyond 15%.
The notes will be called if each component closes above its initial level on any quarterly observation date.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Coupon buffered securities
|
| Underlying components: | Russell 2000 index and the iShares MSCI EAFE index fund
|
| Amount: | $3 million
|
| Maturity: | Feb. 17, 2015
|
| Coupon: | 5%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless worst performing component falls by more than 15%, in which case 1.17647% loss per each 1% decline of worst performing component beyond 15%
|
| Call: | If each component closes above initial level on any quarterly date
|
| Initial levels: | 1,118.73 for Russell, $64.90 for EAFE fund
|
| Trigger levels: | 85% of initial level
|
| Pricing date: | Feb. 11
|
| Settlement date: | Feb. 14
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 22547QHV1
|
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