By Jennifer Chiou
New York, Nov. 22 - Credit Suisse AG, Nassau Branch priced $118,000 of 0% digital barrier notes due Dec. 28, 2012 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event will occur if either index finishes at or below its knock-in level - 70% of its initial level.
If a knock-in event has not occurred, the payout at maturity will be par plus 10%.
If a knock-in event occurs, the payout will be par plus the return of the lowest-performing index.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Digital barrier notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $118,000
|
| Maturity: | Dec. 28, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 10% if knock-in event does not occur; par plus return of lowest-performing index if knock-in event occurs
|
| Knock-in event: | Either index finishes at or below its knock-in level
|
| Initial index levels: | 1,215.65 for S&P 500 and 719.42 for Russell 2000
|
| Knock-in levels: | 850.955 for S&P 500 and 503.594 for Russell 2000; 70% of initial levels
|
| Pricing date: | Nov. 18
|
| Settlement date: | Nov. 28
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.5%
|
| Cusip: | 22546TFW6
|
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