By Jennifer Chiou
New York, Oct. 29 - Credit Suisse AG, Nassau Branch priced $2.05 million of 0% Buffered Accelerated Return Equity Securities due Oct. 31, 2014 linked to the Market Vectors Gold Miners ETF and the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the lowest-performing fund finishes above its initial level, the payout at maturity will be par plus double the return of the lowest-performing fund, up to an underlying return cap of 38%.
Investors will receive par if the lowest-performing fund falls by up to 20% and will be exposed to any losses beyond 20% of the lowest-performing fund.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Buffered Accelerated Return Equity Securities
|
| Underlying assets: | Market Vectors Gold Miners ETF and iShares Silver Trust
|
| Amount: | $2.05 million
|
| Maturity: | Oct. 31, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any gain in lowest-performing fund, capped at 38%; par for losses up to 20%; share in losses beyond 20% for the lowest-performing fund
|
| Initial levels: | $51.24 for gold fund; $31.08 for silver trust
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 2%
|
| Cusip: | 22546TF55
|
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