By Susanna Moon
Chicago, Sept. 17 - Credit Suisse AG, Nassau Branch priced $4 million of 0% Buffered Accelerated Return Equity Securities due Sept. 22, 2014 linked to the Energy Select Sector SPDR fund, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to an underlying return cap of 23.5%.
Investors will receive par if the shares fall by up to 20% and will lose 1.25% for each 1% decline beyond the 20%.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Buffered Accelerated Return Equity Securities
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Underlying fund: | Energy Select Sector SPDR fund
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Amount: | $4 million
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Maturity: | Sept. 22, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any fund gain, capped at 23.5%; par if shares fall 20% or less; lose 1.25% per 1% drop beyond 20%
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Initial fund level: | $76.57
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Pricing date: | Sept. 14
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Settlement date: | Sept. 21
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 0.25%
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Cusip: | 22546TZN4
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