By Toni Weeks
San Diego, Oct. 11 - Credit Suisse AG, Nassau Branch priced $3.18 million of 0% buffered enhanced participation equity securities due June 12, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any index gain, up to a maximum return of 17.8%.
Investors will receive par if the index falls by up to 12.5% and will be exposed to any losses beyond the 12.5% buffer.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Buffered enhanced participation equity securities
|
| Underlying index: | S&P 500
|
| Amount: | $3.18 million
|
| Maturity: | June 12, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, capped at 17.8%; par if index falls by 12.5% or less; 1% loss for every 1% decline beyond 12.5%
|
| Initial index level: | 1,441.48
|
| Pricing dates: | Oct. 9
|
| Settlement date: | Oct. 16
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 22546TC66
|
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