By Angela McDaniels
Tacoma, Wash., Dec. 2 - Credit Suisse AG, Nassau Branch priced $969,000 of 0% callable Cert PLUS securities due Dec. 3, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event will occur if the index closes at or below the knock-in level - 70% of its initial level - during the life of the notes.
If the final index level is greater than the initial level, the payout at maturity will be par plus 150% of the index return.
If the final index level is less than the initial level and no knock-in event has occurred, the payout will be par.
If the final index level is less than the initial level and a knock-in event has occurred, the payout will be par plus the index return.
The securities are callable on Dec. 5, 2011 at par plus 11.75%.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Callable Cert PLUS securities
|
| Underlying index: | S&P 500
|
| Amount: | $969,000
|
| Maturity: | Dec. 3, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain; par plus index return if index falls below knock-in level during life of notes and finishes below initial level; otherwise, par
|
| Call option: | At par plus 11.75% on Dec. 5, 2011
|
| Initial index level: | 1,180.55
|
| Knock-in level: | 826.385, 70% of initial level
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 3
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 22546EF41
|
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