By Jennifer Chiou
New York, Sept. 20 - Credit Suisse AG, Nassau Branch priced $24 million of 0% knock-out notes due Oct. 8, 2013 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the index level decreases by more than 20% from the initial level on Oct. 3, 2013.
If a knock-out event does not occur, the payout at maturity will be par plus the greater of 118% of any index gain and zero.
If a knock-out event occurs, the payout will be par plus the index return, with full exposure to any losses.
JPMorgan chase Bank, NA and J.P. Morgan Securities LLC are the agents.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Knock-out notes
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Underlying index: | Euro Stoxx 50
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Amount: | $24 million
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Maturity: | Oct. 8, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index falls by more than 20% from initial level, par plus index return, with exposure to any losses; otherwise, par plus greater of 118% of any index gain and zero
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Initial level: | 2,553.40
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Knock-out level: | 80% of initial level
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Pricing date: | Sept. 18
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Settlement date: | Sept. 21
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Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | None
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Cusip: | 22546TZQ7
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