By Jennifer Chiou
New York, April 16 - Credit Suisse AG, Nassau Branch priced $432,000 of 0% callable Cert Plus securities due April 17, 2015 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event occurs if the closing level of either index closes at or less than 50% of its initial level during the life of the notes.
If a knock-in event has not occurred, the payout will be par plus the underlying return of the worst-performing index, subject to a floor of 26.25%.
If a knock-in event has occurred, the payout will be par plus the underlying return of the worst-performing index with full exposure to losses.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Callable Cert Plus securities
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $432,000
|
| Maturity: | April 17, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus underlying return of the worst-performing index, subject to a floor of 26.25%, if knock-in event has not occurred; exposure to losses of worst-performing index if knock-in event has occurred
|
| Knock-in event: | Either index closes at or below knock-in level during life of notes
|
| Initial levels: | 1,387.57 for S&P 500 and 808.59 for Russell 2000
|
| Knock-in levels: | 693.785 for S&P 500 and 404.295 for Russell 2000; 50% of initial levels
|
| Pricing date: | April 12
|
| Settlement date: | April 17
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 3%
|
| Cusip: | 22546TPQ8
|
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