By Angela McDaniels
Tacoma, Wash., Dec. 27 - Credit Suisse AG, Nassau Branch priced $1.75 million of 0% digital barrier notes due Jan. 4, 2013 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event will occur if either underlying index closes at or below its knock-in level - 70% of its initial level - on any day during the life of the notes.
The payout at maturity will be par plus the underlying return of the lowest-performing index.
If a knock-in event has not occurred, each index's underlying return will be 10.5%. If a knock-in event does occur, each index's underlying return will be equal to its return.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Digital barrier notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $1.75 million
|
| Maturity: | Jan. 4, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus underlying return of lowest-performing index
|
| Underlying return: | If knock-in event has not occurred, each index's underlying return will be 10.5%; if knock-in event does occur, each index's underlying return will equal its return
|
| Knock-in event: | Either underlying index closes at or below its knock-in level during life of notes
|
| Initial index levels: | 747.98 for Russell 2000 and 1,265.33 for S&P 500
|
| Knock-in levels: | 523.586 for Russell 2000 and 885.731; 70% of initial levels
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 30
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| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.5%
|
| Cusip: | 22546THZ7
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