2013-0704 - New Listing - Credit Suisse Index Linked Callable ROC Notes (CIS.DB.A)
July 8, 2013
CNSX Markets has approved for listing the Credit Suisse Callable ROC Notes linked to the performance of the S&P/TSX 60 Index™and the Russell 2000® Index from Credit Suisse's Medium-Term Note Program (CAD) Series C, Tranche 6i.
The Notes distributed under prospectus and pricing supplement will be sold by the Dealer through a selling agent at the Issue Price.
The Callable ROC Notes due July 9, 2018, Series C, Tranche 6i (the “Notes”) are medium term notes issued by Credit Suisse AG (“Credit Suisse”), through its Nassau Branch (the “Issuer”), the return on which is linked to the least performing of two reference indices. The reference indices are the S&P/TSX 60 Index™ (as reported on Bloomberg at “SPTSX60 ” (the “S&P/TSX 60 Index™”) and the Russell 2000® Index (as reported on Bloomberg at “RTY” (the “RTY Index”). The Notes offered pursuant to the Pricing Supplement will constitute a tranche of securities, which, when taken together with any and all other securities issued pursuant to the Prospectus, will constitute a single series.
The Notes are not suitable for investors who require a guaranteed return or who cannot withstand a loss of all or substantially all of their investment. The Notes are designed for investors who are prepared to hold the Notes to maturity (or until early redemption) and to assume risks with respect to a return linked to the performance of the reference indices.
Reference Index: The return on the Notes will be linked to the least performing of two reference indices: the S&P/TSX 60 Index™ (as reported on Bloomberg at “SPTSX60”) and the Russell 2000® Index (as reported on Bloomberg at “RTY”).
Issue Price: $100
Principal Amount: $100
Principal Protection: No contingent periodic principal repayment will be made on a particular repayment date if the least performing index return on the relevant observation date is less than -25%. At maturity, you will lose some or substantially all of your principal amount not previously distributed through contingent periodic principal repayments if the least performing index return is less than -25% on the valuation date.
Maturity Date: July 9, 2018
Maturity Amount: If the Notes have not been subject to early redemption, you will be entitled to receive on the maturity date, in addition to the final contingent periodic principal repayment, if any, a cash payment equal to an amount (the “maturity amount”) calculated as follows, subject to a minimum maturity amount of $1.00 per Note:
(a) if the least performing index return on the valuation date is greater than or equal to -25%, the remaining principal amount plus (i) an amount equal to the sum of all the contingent periodic principal repayments made on or prior to the maturity date plus (ii) an amount equal to the principal amount of your Notes multiplied by 0.10 multiplied by the greater of (a) the least performing index return on the valuation date minus 38.50% and (b) nil; or
(b) if the least performing index return on the valuation date is less than -25%, the remaining principal amount plus (i) an amount equal to the sum of all the contingent periodic principal repayments made on or prior to the maturity date plus (ii) an amount (which will be negative) equal to the principal amount of your Notes multiplied by the least performing index return on the valuation date.
At maturity, you will lose some or substantially all of the principal of your Notes not previously distributed through contingent periodic principal repayments if the least performing index return is less than -25% on the valuation date.
Any payment on the Notes is subject to the Issuer’s ability to pay its obligations as they become due.
Further details and the prospectus and pricing supplement for the Notes will be available at CNSX.ca
Listing Date: July 9, 2013
Symbol: CIS.DB.A
CUSIP: 22546ZAU1
ISIN: CA22546ZAU18
Currency: CAD
If you have any questions or require further information please contact Radhika at (416) 572-2000 X 2435 or E-mail: [email protected]
