By Jennifer Chiou
New York, March 12 - Credit Suisse AG, Nassau Branch priced $14,229,000 of 0% buffered digital equity securities due June 26, 2014 linked to the Euro Stoxx 50 index and the euro relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
If the composite index return is at or above the 85% trigger level, the payout at maturity will be par plus the fixed return of 8.8%.
Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.
The composite return is equal to the index return multiplied by the currency return.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Buffered digital equity securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $14,229,000
|
| Maturity: | June 26, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If composite index return is at or above the 85% trigger level, par plus 8.8%; 1.1765% loss per 1% drop beyond 15%
|
| Initial index level: | 2,728.78
|
| Initial spot rate: | 1.29815
|
| Pricing date: | March 8
|
| Settlement date: | March 15
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.2%
|
| Cusip: | 22546T3N9
|
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