By Angela McDaniels
Tacoma, Wash., Feb. 2 - Credit Suisse AG, Nassau Branch priced $1.67 million of 0% callable Cert PLUS securities due Feb. 3, 2012 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities are callable on Aug. 1, 2011 at par plus 7%.
If the securities are not called and the worst-performing index finishes above its initial level, the payout at maturity will be par plus 150% of that index's return.
If the worst-performing index declines by less than 25%, the payout will be par.
If the worst-performing index declines by 25% or more, the payout will be par plus the return of that index.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Callable Cert PLUS securities
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $1,672,000
|
| Maturity: | Feb. 3, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst-performing index finishes above initial level, par plus 150% of that index's return; if worst-performing index declines by less than 25%, par; if worst-performing index declines by 25% or more, par plus return of that index
|
| Call option: | At par plus 7% on Aug. 1, 2011
|
| Initial index levels: | 1,286.12 for S&P 500 and 781.25 for Russell 2000
|
| Knock-in levels: | 964.59 for S&P 500 and 585.9375 for Russell 2000; 75% of initial level
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 3
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 22546EQ72
|
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