By Jennifer Chiou
New York, July 2 - Credit Suisse AG, Nassau Branch priced $116,000 of 0% accelerated return securities due July 3, 2015 linked to a basket of two equally weighted funds, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying funds are the iShares MSCI EAFE index fund and the iShares MSCI Emerging Markets index fund.
The payout at maturity will be par plus 125% of any basket gain.
Investors will receive par if the basket falls by up to 30% and will be fully exposed to any losses if the basket drops by more than 30%.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Accelerated return securities
|
| Underlying basket: | iShares MSCI EAFE index fund and the iShares MSCI Emerging Markets index fund, equally weighted
|
| Amount: | $116,000
|
| Maturity: | July 3, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any gain; par for losses up to 30%; full exposure to losses if basket falls below knock-in level
|
| Initial levels: | $48.22 for EAFE, $37.47 for EM
|
| Knock-in level: | 70% of initial level
|
| Pricing date: | June 28
|
| Settlement date: | July 3
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 22546TUJ8
|
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