By Susanna Moon
Chicago, Dec. 10 - Credit Suisse AG, Nassau Branch priced $20.06 million of 12% equity-linked notes due Dec. 16, 2014 linked to Gilead Sciences, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable on Jan. 15, 2014.
Each note has a face amount of $75.28, which is equal to the initial price of Gilead stock.
If shares finish at or below lower put strike price - 85% of initial share price - the payout at maturity will be 89.9281% of lower put strike price.
If the shares finish above lower put strike price but below upper put strike price - 111.2% of initial share price - the payout will be 89.9281% of return.
Otherwise, the payout will be par.
The issuer may opt to pay out in cash or Gilead stock.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Equity-linked notes
|
| Underlying stock: | Gilead Sciences, Inc. (Symbol: GILD)
|
| Amount: | $20,064,754.80
|
| Maturity: | Dec. 16, 2014
|
| Coupon: | 12%, payable Jan. 15, 2014
|
| Price: | Par of $75.28
|
| Payout at maturity: | If shares finish at or below lower put strike price, 89.9281% of lower put strike price; if shares finish above lower put strike price but below upper put strike price, 89.9281% of return; otherwise, par
|
| Initial share price: | $75.28
|
| Lower put strike price: | $63.99, 85% of initial share price
|
| Upper put strike price: | $83.71, 111.2% of initial share price
|
| Pricing date: | Dec. 9
|
| Settlement date: | Dec. 16
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Cusip: | 22539T548
|
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