By Toni Weeks
San Diego, Jan. 20 - Credit Suisse AG, Nassau Branch plans to price 0% Cert Plus securities due Jan. 23, 2014 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 falls to or below 70% of the initial level during the life of the securities.
If the index gains, the payout at maturity will be par plus 107.5% of the index return.
If the index finishes below the initial level and a knock-in event has occurred, the payout will be par plus the index return, with exposure to losses. Otherwise, the payout will be par.
Credit Suisse Securities (USA) LLC will act as agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Cert Plus securities
|
| Underlying index: | S&P 500
|
| Amount: | $205,000
|
| Maturity: | Jan. 23, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 107.5% of any index gain; par plus index return if return is negative and index ever closes at or below knock-in level during life of securities; otherwise, par
|
| Initial index level: | 1,308.04
|
| Knock-in level: | 915.628, 70% of initial level
|
| Pricing date: | Jan. 18
|
| Settlement date: | Jan. 23
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 22546TKN0
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
