By Jennifer Chiou
New York, Nov. 6 – Credit Suisse AG, Nassau Branch priced another $899,056 of 0% exchange-traded notes due April 20, 2020 linked to the Credit Suisse Long/Short Index (Net), according to a 424B2 filing with the Securities and Exchange Commission.
The $708,940 principal amount add-on priced at 126.817 for proceeds of $899,056.44.
In February 2010, the company said it planned to issue up to $1 billion of the notes. So far, $35.55 million principal amount has been issued.
The index is designed to correlate to the historical performance of the Credit Suisse Tremont Long/Short Equity Hedge Fund index by tracking the performance of non-hedge-fund, transparent market measures.
The payout at maturity will be par of $20 plus the index return minus a 0.45% annualized fee factor.
The notes are putable in increments of $5 million or more on any business day, and they may be called beginning Feb. 19, 2012 if the principal amount of the notes outstanding is $10 million or less. Both options expire on Feb. 5, 2020.
The notes are listed on NYSE Arca under the symbol "CSLS."
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Exchange-traded notes
|
| Underlying index: | Credit Suisse Long/Short Index (net)
|
| Amount: | $35,547,120, increased from original $5,002,880
|
| Maturity: | April 20, 2020
|
| Coupon: | 0%
|
| Price: | Par of $20 for original issue; 126.817 for latest $708,940
|
| Payout at maturity: | Par plus index return minus 0.45% annualized fee factor
|
| Put option: | At any time through Feb. 5, 2020, subject to minimum of $5 million
|
| Call option: | Between Feb. 19, 2012 and Feb. 5, 2020 if principal amount of notes outstanding is $10 million or less
|
| Pricing dates: | Feb. 19, 2010 for original issue; Nov. 5 for latest $708,940
|
| Settlement dates: | Feb. 25, 2010 for original issue; Nov. 10 for latest add-on
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | None
|
| Listing: | NYSE Arca: CSLS
|
| Cusip: | 22542D878
|
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