New Issue: Credit Suisse prices $2 million 9.4% callable yield notes linked to S&P 500, Russell 2000

By Jennifer Chiou

New York, Dec. 28 - Credit Suisse AG, Nassau Branch priced $2 million of 9.4% callable yield notes due Dec. 30, 2011 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless either index falls to or below its knock-in level - 70% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worst-performing index, up to a maximum payout of par.

The notes are callable at par on any interest payment date beginning on June 30, 2011.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$2 million
Maturity:	Dec. 30, 2011
Coupon:	9.4%, payable quarterly
Price:	Par
Payout at maturity:	If either index falls to or below knock-in level, par plus return of worst-performing index, capped at par; otherwise, par
Call option:	At par on any interest payment date beginning on June 30, 2011
Initial levels:	1,257.54 for S&P; 792.35 for Russell
Knock-in levels:	880.278 for S&P; 554.645 for Russell; 70% of initial levels
Pricing date:	Dec. 27
Settlement date:	Dec. 30
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22546EN83

© 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.