By Marisa Wong
Madison, Wis., Feb. 21 - Credit Suisse AG, Nassau Branch priced $3.36 million of 0% accelerated return securities due June 22, 2015 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 130.5% of any index gain.
Investors will receive par if the index falls by up to 60% and will be fully exposed to the decline if the index drops by more than 60%.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Accelerated return securities
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Underlying index: | S&P 500 index
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Amount: | $3.36 million
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Maturity: | June 22, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 130.5% of any gain; par for losses up to 60%; full exposure to decline if index falls below knock-in level
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Initial level: | 1,358.04
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Knock-in level: | 814.824, 60% of initial level
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Pricing date: | Feb. 16
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Settlement date: | Feb. 22
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 2.5%
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Cusip: | 22546TMU2
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