By Angela McDaniels
Tacoma, Wash., Nov. 1 - Credit Suisse AG, Nassau Branch priced $1.5 million of contingent coupon autocallable notes due Nov. 12, 2014 linked to a basket of common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes Amgen Inc., Comcast Corp., CVS Caremark Corp., Deere & Co. and Starbucks Corp.
Interest is payable quarterly and will be 12% per year unless a knock-in event occurs, in which case there will be no interest for that quarter.
A knock-in event occurs if any stock closes below 50% of its initial share price on a quarterly observation date.
The payout at maturity will be par unless the final price of any basket stock is less than 50% of its initial price, in which case investors will receive a number of shares of the worst-performing stock equal to $1,000 divided by the initial share price.
If each stock closes at or above 90% of its initial price on a quarterly observation date, the notes will be called at par.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Contingent coupon autocallable notes
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| Underlying stocks: | Amgen Inc., Comcast Corp., CVS Caremark Corp., Deere & Co. and Starbucks Corp.
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| Amount: | $1.5 million
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| Maturity: | Nov. 12, 2014
|
| Coupon: | 12% unless any stock closes below 50% of its initial price on a quarterly observation date, in which case 0%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | If any stock finishes below 50% of its initial price, shares of worst-performing stock equal to $1,000 divided by initial share price; otherwise par
|
| Call: | Automatically at par if each stock closes at or above 90% of its initial price on a quarterly observation date
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| Initial stock prices: | $57.27 for Amgen; $20.86 for Comcast; $30.66 for CVS Caremark; $75.50 for Deere; $28.23 for Starbucks
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| Pricing date: | Oct. 28
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| Settlement date: | Nov. 2
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| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 3.1%
|
| Cusip: | 22546ED68
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