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Credit Suisse plans capped knock-out notes linked to Hang Seng, yen
By Susanna Moon
Chicago, Feb. 12 - Credit Suisse AG, Nassau Branch plans to price 0% capped knock-out notes due March 5, 2014 linked to the Hang Seng China Enterprises index and the deliverable Chinese renminbi relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the index falls by more than 20%, with the exact knock-out level to be set at pricing.
If a knock-out event does not occur, the payout at maturity will be par any index gain, up to a maximum return of 18% and with a minimum payout of par.
Otherwise, the payout at maturity will be par plus the return, with exposure to any losses.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
The notes will price on Feb. 15 and settle on Feb. 21.
The Cusip number is 22546TZ87.
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