By Angela McDaniels
Tacoma, Wash., March 5 - Credit Suisse AG, London Branch priced $552,000 of 0% callable cert plus securities due March 7, 2016 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are callable at par plus 9.5% on March 5, 2015.
If the notes are not called, the payout at maturity will be par plus the underlying return of the worst-performing index.
If an index's final level is greater than or equal to its initial level, its underlying return will be 150% of its return.
If an index's final level is less than its initial level and a knock-in event has occurred, its underlying return will be equal to its return. A knock-in event occurs if either index finishes at or below its knock-in level, 70% of its initial level.
If an index's final level is less than its initial level and a knock-in event has not occurred, its underlying return will be zero.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Cert plus securities
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $552,000
|
| Maturity: | March 7, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus underlying return of worst-performing index
|
| Underlying return: | If index's final level is greater than or equal to initial level, 150% of its return; if index's final level is less than initial level and knock-in event has occurred, 100% of its return; if index's final level is less than initial level and knock-in event has not occurred, zero
|
| Knock-in event: | Either index's final level is less than or equal to its knock-in level
|
| Initial index levels: | 1,859.45 for S&P 500 and 1,183.02 for Russell 2000
|
| Knock-in levels: | 1,301.615 for S&P 500 and 828.121 for Russell 2000, 70% of initial levels
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 5
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.55%
|
| Cusip: | 22547QGW0
|
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