By Jennifer Chiou
New York, Feb. 15 - Credit Suisse AG, Nassau Branch priced $7.21 million of 0% Buffered Accelerated Return Equity Securities due Aug. 17, 2015 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
If the return is positive, the payout at maturity will be par plus the greater of the 34.5% fixed payment percentage and the index gain.
Investors will receive par if the index falls by up to 15% and will be exposed to any losses beyond the 15% buffer.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Buffered Accelerated Return Equity Securities
|
| Underlying index: | S&P 500
|
| Amount: | $7.21 million
|
| Maturity: | Aug. 17, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus greater of the 34.5% fixed payment percentage and any index gain if return is positive; par if index falls 15% or less; exposure to losses beyond 15%
|
| Initial index level: | 1,350.50
|
| Pricing date: | Feb. 14
|
| Settlement date: | Feb. 17
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.5%
|
| Cusip: | 22546TMS7
|
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