By Angela McDaniels
Tacoma, Wash., Nov. 12 - Credit Suisse AG, London Branch priced $25.2 million of 0% return notes due May 9, 2014 linked to the performance of the Stoxx Europe 600 Basic Resources index and the euro relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
For each $1,000 principal amount of notes, the payout at maturity will be (a) $1,000 multiplied by (b) one plus the underlying return multiplied by (c) 100.8%.
The underlying return will be the percentage change from the initial level of the index to its final level, in each case multiplied by the exchange rate then in effect.
Because the participation rate is 100.8%, the payout will be less than par if the underlying return is less than negative 0.79365%.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Return notes
|
| Underlyings: | Stoxx Europe 600 Basic Resources index and euro
|
| Amount: | $25.2 million
|
| Maturity: | May 9, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | (a) $1,000 multiplied by (b) one plus the underlying return multiplied by (c) 100.8%
|
| Initial index level: | 559.17438, which is based on the index's 417.84 closing level and the 1.33825 spot rate on the pricing date
|
| Final index level: | The closing level of the index multiplied by the spot rate on May 6, 2014
|
| Pricing date: | Nov. 7
|
| Settlement date: | Nov. 13
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 22547QDJ2
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
