New Issue: Credit Suisse sells $2.71 million 7.1% callable yield notes on Russell, iShares MSCI EM

By Susanna Moon

Chicago, Jan. 24 - Credit Suisse AG, Nassau Branch priced $2.71 million of 7.1% callable yield notes due April 30, 2012 based on the Russell 2000 index and the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless either underlying component falls to or below its knock-in level - 75% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worst-performing underlying component, capped at a maximum payout of par.

The notes are callable at par on any interest payment date.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying components:	Russell 2000 index and iShares MSCI Emerging Markets index fund
Amount:	$2,709,000
Maturity:	April 30, 2012
Coupon:	7.1%, payable quarterly
Price:	Par
Payout at maturity:	If either underlying component falls to or below knock-in level, par plus return of worst-performing underlying component, up to maximum payout of par; otherwise, par
Call option:	At par on any interest payment date
Initial levels:	773.18 for Russell and $46.46 for MSCI EM
Knock-in levels:	579.885 for Russell and $34.845 for MSCI EM; 75% of initial levels
Pricing date:	Jan. 21
Settlement date:	Jan. 28
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22546EP24

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.