Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
04 Juni 2013 - 11:28PM
Edgar (US Regulatory)
Filed pursuant to Rule 433
Registration Statement No. 333-180300-03
FINANCIAL PRODUCTS
FACT SHEET (K303)
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Offering Period: May 30, 2013 June 24, 2013
5 year Buffered Lock In Securities Linked to the Dow Jones Industrial Average
SM
Return Profile
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5 year Buffered Lock In Securities linked
to the performance of the Dow Jones Industrial
Average
SM
.
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If a Lock In Event occurs on any annual Observation Date, at maturity the investor
will be entitled to the greater of the Lock In Return and the appreciation of the level of the Underlying.
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If a Lock In Event does not occur on any annual Observation Date, at maturity the
investor will be entitled to a payment based on the performance of the Underlying, subject to a 15% buffer on the downside.
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Any payment on the securities is subject to our ability to pay our obligations as
they become due.
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Terms
Issuer:
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Credit Suisse AG (“Credit Suisse”), Nassau Branch
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Trade Date:
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Expected to be June 25, 2013
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Settlement Date:
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Expected to be June 28, 2013
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Underlying:
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Dow Jones Industrial Average
SM
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Lock-In Event:
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A Lock-In Event will occur if the closing level of the Underlying on any Observation Date has increased from the Initial Level by at least one of the specified Lock-In Levels.
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Lock-In Levels:
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The Lock-In Level achieved for any Observation Date, if any, will be determined as follows:
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• 20%, if the closing level of the Underlying on such Observation Date has increased from the Initial Level by at least 20% but by less than 30%;
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• 30%, if the closing level of the Underlying on such Observation Date has increased from the Initial Level by at least 30% but by less than 40%;
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• 40%, if the closing level of the Underlying on such Observation Date has increased from the Initial Level by at least 40% but by less than 50%; and
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• 50%, if the closing level of the Underlying on such Observation Date has increased from the Initial Level by at least 50%.
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Observation Dates:
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June 25, 2014, June 25, 2015, June 27, 2016 and June 26, 2017.
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Lock-In Return:
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The highest Lock-In Level achieved on any Observation Date, if any.
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Redemption Amount:
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An amount in cash equal to the principal amount of the securities held multiplied by the sum of 1 plus the Underlying Return.
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Underlying Return:
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If a Lock-In Event has occurred, then the Underlying Return will be the greater of: (a) the Lock-In Return and (b) [(Final Level – Initial Level) / Initial Level].
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If a Lock-In Event has not occurred and (a) the Final Level is equal to or greater than the Initial Level, then: [(Final Level – Initial Level) / Initial Level]; (b) the Final Level is less than the Initial Level by not more than 15%, then: zero; (c) if the Final Level is less than the Initial Level by more than 15%, then: [(Final Level – Initial Level) / Initial Level] + Buffer Amount.
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Buffer Amount:
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15%
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Initial Level:
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The closing level of the Underlying on the Trade Date.
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Final Level:
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The closing level of the Underlying on the Valuation Date.
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Valuation Date:
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June 25, 2018
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Maturity Date:
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June 28, 2018
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CUSIP:
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22547Q3C8
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Benefits
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Offers a Lock In Return if a Lock In Event
occurs or participation, if any, in the appreciation
of the Down Jones Industrial Average
SM
.
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Reduced downside risk due to a Buffer Amount of 15%.
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Hypothetical Returns at Maturity
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Percentage
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Underlying
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Redemption
Amount
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Change
in the
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Return
(1)
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per $1,000
Principal
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Underlying
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Amount
(1)(2)
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30%
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30%
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$1,300
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25%
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25%
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$1,250
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20%
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20%
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$1,200
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15%
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15%
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$1,150
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10%
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10%
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$1,100
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5%
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5%
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$1,050
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0%
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0%
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$1,000
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10%
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0%
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$1,000
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15%
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0%
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$1,000
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20%
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5%
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$950
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30%
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15%
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$850
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(1)
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Assumes Lock In Event has not occurred and reflects a Buffer Amount of 15%.
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(2)
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The hypothetical Redemption Amounts set forth above are for illustrative purposes
only and may not be the actual returns applicable to the investor.
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Product Risks
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Investment may result in a loss of up to 85% of principal.
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The value of the securities and the payment of any amount due on the securities are
subject to the credit risk of Credit Suisse.
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You will not benefit from the lock in feature unless the Underlying has appreciated
by at least one of the Lock In Levels on any Observation Date The securities do not pay interest.
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If a Lock In Event has not occurred, the Redemption Amount will be less than the principal
amount if the Final Level is less than the Initial Level by more than the Buffer Amount.
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(See Additional Risk Considerations on next page.)
Product Summary
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Horizon
(years)
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5 years
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Principal
Repayment
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Principal at Risk
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Investment
Objective
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Appreciation
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Market
Outlook
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Bullish
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FINANCIAL PRODUCTS
FACT SHEET
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Offering Period: May 30, 2013 June 24, 2013
5 year Buffered Lock In Securities Linked to the Dow Jones Industrial Average
SM
Additional
Risk Considerations
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Prior to maturity, costs such as concessions and hedging may affect the value of the
securities.
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Liquidity The securities will not be listed on any securities exchange. Credit
Suisse (or its affiliates) intends to offer to purchase the securities in the secondary market but is not required to do so. Many
factors, most of which are beyond the control of the Issuer, will influence the value of the securities and the price at which
the securities may be purchased or sold in the secondary market. For example, the creditworthiness of the Issuer, including actual
or anticipated downgrades to the Issuers credit ratings, may be a contributing factor.
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Potential Conflicts We and our affiliates play a variety of roles in connection
with the issuance of the securities including acting as calculation agent and hedging our obligations under the securities. The
agent for this offering, Credit Suisse Securities (USA) LLC (CSSU), is our affiliate. In accordance with FINRA Rule
5121, CSSU may not make sales in this offering to any discretionary account without prior written approval of the customer.
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As a holder of the securities, you will not have voting rights or rights to receive
cash dividends or other distributions with respect to the equity securities comprising the Underlying.
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The risks set
forth in the section entitled Product Risks on the preceding page and this section Additional Risk Considerations
are only intended as summaries of some of the risks relating to an investment in the securities. Prior to investing in the securities,
you should, in particular, review the Product Risks and Additional Risk Considerations sections herein,
the Selected Risk Considerations section in the pricing supplement and the Risk Factors section in the
product supplement, which set forth risks related to an investment in the securities.
Disclaimer
IRS Circular 230
Disclosure: Credit Suisse and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained
herein (including any attachments) is not intended or written to be used and cannot be used, in connection with the promotion,
marketing or recommendation by anyone unaffiliated with Credit Suisse of any of the matters address herein or for the purpose
of avoiding U.S. tax related penalties.
Investment suitability
must be determined individually for each investor, and the financial instruments described herein may not be suitable for all
investors. The products described herein should generally be held to maturity as early sales could result in lower than anticipated
returns. This information is not intended to provide and should not be relied upon as providing accounting, legal, regulatory
or tax advice. Investors should consult with their own advisors as to these matters.
This material
is not a product of Credit Suisse Research Departments. Financial Products may involve a high degree of risk, and may be appropriate
investments only for sophisticated investors who are capable of understanding and assuming the risks involved. Credit Suisse and
its affiliates may have positions (long or short), effect transactions or make markets in securities or financial instruments
mentioned herein (or options with respect thereto), or provide advice or loans to, or participate in the underwriting or restructuring
of the obligations, issuers of
the
stocks
comprising
the
applicable
index,
indices
or
fund
mentioned
herein
.
Cr
edit Suisse is a member of FINRA, NYSE and SIPC. Clients should contact their salespersons
at, and execute transactions through, a Credit Suisse entity qualified in their home jurisdiction unless governing law permits
otherwise.
You may revoke
your offer to purchase the securities at any time prior to the time at which we accept such offer on the date the securities are
priced. We reserve the right to change the terms of, or reject any offer to purchase the securities prior to their issuance. In
the event of any changes to the terms of the securities, we will notify you and you will be asked to accept such changes in connection
with your purchase. You may also choose to reject such changes in which case we may reject your offer to purchase.
This document
is a summary of the terms of the securities and factors that you should consider before deciding to invest in the securities.
Credit Suisse has filed a registration statement (including pricing supplement, product supplement, underlying supplement, prospectus
supplement and prospectus) with the Securities and Exchange Commission, or SEC, for the offering to which this offering summary
relates. Before you invest, you should read this summary together with the Preliminary Pricing Supplement dated May 30, 2013,
Underlying Supplement dated November 19, 2012, Product Supplement No. AK I dated March 23, 2012, Prospectus Supplement dated March
23, 2012 and Prospectus dated March 23, 2012 to understand fully the terms of the notes and other considerations that are important
in making a decision about investing in the securities. You may get these documents without cost by visiting EDGAR on the SEC
Web site at
www.sec.gov
. Alternatively, Credit Suisse, any agent or any dealer participating
in this offering will arrange to send you the pricing supplement, product supplement, underlying supplement, prospectus supplement
and prospectus if you so request by calling toll free 1 (800) 221 1037.
You may access
the pricing supplement related to the offering summarized herein on the SEC website at:
http://www.sec.gov/Archives/edgar/data/1053092/000095010313003300/dp38556_424b2-k303.htm
You may access
the underlying supplement, product supplement, prospectus supplement and prospectus on the SEC website at
www.sec.gov
or by clicking on the hyperlinks to each of the respective documents incorporated by reference in the pricing supplement.