Published on 5/27/2010 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $3.28 million variable-coupon ProNotes linked to 10 stocks
By Angela McDaniels
Tacoma, Wash., May 27 - Credit Suisse AG, Nassau Branch priced $3.28 million of variable-coupon principal-protected ProNotes due May 31, 2016 linked to a basket of 10 stocks, according to 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of Apple Inc., ConocoPhillips, General Electric Co., JPMorgan Chase & Co., Lowe's Cos., Inc., Nucor Corp., Pfizer Inc., Procter & Gamble Co., Sempra Energy and Vodafone Group plc.
The notes will pay a coupon in May of each year equal to the basket return, subject to a minimum coupon of 1%. The return of each basket component will be subject to a cap of 9.5%.
The payout at maturity will be par.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Variable-coupon principal-protected ProNotes
|
| Underlying stocks: | Apple Inc., ConocoPhillips, General Electric Co., JPMorgan Chase & Co., Lowe's Cos., Inc., Nucor Corp., Pfizer Inc., Procter & Gamble Co., Sempra Energy and Vodafone Group plc, equally weighted
|
| Amount: | $3,284,000
|
| Maturity: | May 31, 2016
|
| Coupon: | Equal to greater of basket return and 1%, with return of each stock capped at 9.5%; payable annually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Initial share prices: | $245.22 for Apple; $49.92 for ConocoPhillips; $15.95 for GE; $38.94 for JPMorgan; $24.42 for Lowe's; $42.90 for Nucor; $15.06 for Pfizer; $61.05 for Procter & Gamble; $45.07 for Sempra Energy; $19.16 for Vodafone
|
| Pricing date: | May 25
|
| Settlement date: | May 28
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 3.5%
|
| Cusip: | 22546EVJ0
|
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