Published on 10/14/2010 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.25 million Bares linked to iShares MSCI Brazil index fund
By Angela McDaniels
Tacoma, Wash., Oct. 14 - Credit Suisse AG, Nassau Branch priced $1.25 million of 0% Buffered Accelerated Return Equity Securities due April 15, 2013 linked to the iShares MSCI Brazil index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 160% of any increase in the exchange-traded fund's share price, subject to a maximum return of 40%. Investors will receive par if the share price declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Buffered Accelerated Return Equity Securities
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Underlying ETF: | iShares MSCI Brazil index fund
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Amount: | $1,245,000
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Maturity: | April 15, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 160% of any fund gain, up to maximum return of 40%; par if fund falls by 20% or less; 1% loss for every 1% decline beyond 20%
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Initial share price: | $79.10
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Pricing date: | Oct. 12
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Settlement date: | Oct. 15
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22546EZP2
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