New Issue: Credit Suisse prices $1.46 million knock-out notes linked to S&P 500

By Toni Weeks

San Diego, July 17 - Credit Suisse AG, Nassau Branch priced $1.46 million of 0% knock-out notes due Jan. 23, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event occurs if the index falls by more than 27.55% from the initial level on the Jan. 17, 2014 valuation date.

If a knock-out event does not occur, the payout at maturity will be par plus the index return, subject to a minimum return of zero.

If a knock-out event occurs, the payout at maturity will be par plus the index return, with full exposure to losses.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Knock-out notes
Underlying index:	S&P 500
Amount:	$1,463,000
Maturity:	Jan. 23, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index falls by more than 27.55% from initial level on Jan. 17, 2014, par plus index return, with exposure to losses; otherwise, par plus index return, with floor of zero
Initial level:	1,356.78
Knock-out level:	982.98711, 27.55% of initial level
Pricing date:	July 13
Settlement date:	July 18
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.25%
Cusip:	22546TWL1

© 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.