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Credit Suisse to price knock-out notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Jan. 15 - Credit Suisse AG, Nassau Branch plans to price 0% knock-out notes due July 23, 2014 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
If the final index level is less than the initial index level by more than the knock-out buffer amount, investors will be fully exposed to the index's decline from its initial level. Otherwise, the payout at maturity will be par plus the greater of the contingent minimum return and the index return.
The knock-out buffer amount is expected to be 20%, and the contingent minimum return is expected to be 7.55%. Both will be set at pricing.
The notes are expected to price Jan. 16 and settle Jan. 22.
The Cusip number is 22546TU74.
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