By Angela McDaniels
Tacoma, Wash., Feb. 2 - Credit Suisse AG, Nassau Branch priced $384,000 of 0% callable Cert PLUS securities due Feb. 5, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities are callable on Feb. 6, 2012 at par plus 10%.
If the securities are not called and the index finishes above the initial level, the payout at maturity will be par plus 125% of the index return.
If the index finishes below the initial level, the payout at maturity will be par if the index never closes at or below 70% of its initial level during the life of the securities. Otherwise, the payout will be par plus the index return.
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: | $384,000
|
| Maturity: | Feb. 5, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any index gain; par plus index return if return is negative and index ever closes at or below trigger level during life of securities; otherwise, par
|
| Call option: | At par plus 10% on Feb. 6, 2012
|
| Initial index level: | 1,286.12
|
| Knock-in level: | 900.284, 70% of initial level
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 3
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 22546EP40
|
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