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Credit Suisse plans six-year Cert PLUS securities on Euro Stoxx 50
By Jennifer Chiou
New York, March 14 - Credit Suisse AG, Nassau Branch plans to price 0% Cert PLUS securities due March 21, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
A knock-in event will occur if the index closes at or below the knock-in level, 30% of the initial level, during the life of the securities.
If the index finishes at or above the initial level, the payout at maturity will be par plus 165% of the index gain.
If the index finishes below the initial level and a knock-in event has occurred, investors will share in any losses.
If the index finishes below the initial level and a knock-in event has not occurred, the payout at maturity will be par.
The notes (Cusip: 22546E2N3) are expected to price on March 16 and settle on March 21.
Credit Suisse Securities (USA) LLC will act as agent.
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