By Marisa Wong
Madison, Wis., July 14 - Credit Suisse AG, Nassau Branch priced $4 million of 0% Buffered Accelerated Return Equity Securities due July 15, 2013 based on the performance of the iShares MSCI Brazil index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.3 times any fund gain, up to a maximum return of 69%.
Investors will receive par if the fund share price falls by up to 20% and will be exposed to losses beyond 20%.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Buffered Accelerated Return Equity Securities
|
| Underlying fund: | iShares MSCI Brazil index fund
|
| Amount: | $4 million
|
| Maturity: | July 15, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 230% of any fund gain, capped at 69%; exposure to losses beyond 20%
|
| Initial price: | $65.92
|
| Pricing date: | July 12
|
| Settlement date: | July 15
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 22546EXJ8
|
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