By Susanna Moon
Chicago, Dec. 28 - Credit Suisse AG, Nassau Branch priced $1.07 million of 0% digital barrier notes due Jan. 4, 2013 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event will occur if either index finishes at or below its knock-in level - 60% of its initial level.
If a knock-in event has not occurred, the payout at maturity will be par plus 8%.
Otherwise, the payout will be par plus the return of the lowest-performing index.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Digital barrier notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $1,069,000
|
| Maturity: | Jan. 4, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 8% if knock-in event does not occur; par plus return of lowest-performing index if knock-in event occurs
|
| Knock-in event: | Either index finishes at or below its knock-in level
|
| Initial index levels: | 1,265.33 for S&P and 747.98 for Russell
|
| Knock-in levels: | 759.198 for S&P and 448.788 for Russell; 60% of initial levels
|
| Pricing date: | Dec. 23
|
| Settlement date: | Dec. 30
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.25%
|
| Cusip: | 22546TJY8
|
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