By Jennifer Chiou
New York, March 25 - Credit Suisse AG, Nassau Branch priced $25.91 million of 0% Cert PLUS securities due March 28, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event will occur if the index closes at or below 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 145% of the return if a knock-in event occurs and will be the greater of 18% and 145% of the return if a knock-in event does not occur.
If the index finishes below the initial level, the payout at maturity will be par plus the index return if a knock-in event occurs and will be par plus the 18% contingent minimum return if a knock-in event has not occurred.
Credit Suisse Securities (USA) LLC will act as agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Cert PLUS securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $25,905,000
|
| Maturity: | March 28, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 145% of return if index return is positive and knock-in event occurs; greater of 18% and 145% of return if return is positive and knock-in event does not occur; if the index finishes below the initial level, par plus the index return if a knock-in event occurs and par plus the 18% contingent minimum return if a knock-in event has not occurred
|
| Initial level: | 2,866.23
|
| Knock-in level: | 859.869, 30% of initial
|
| Pricing date: | March 23
|
| Settlement date: | March 28
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 3.5%
|
| Cusip: | 22546E2S2
|
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