Published on 9/20/2011 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $2 million 11.3% callable yield notes tied to S&P 500, Russell 2000
By Jennifer Chiou
New York, Sept. 20 - Credit Suisse AG, Nassau Branch priced $2 million of 11.3% callable yield notes due March 26, 2013 linked to the S&P 500 index and the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.
Interest is payable quarterly.
The payout at maturity will be par unless the final level of either index is less than 65% of its initial level, in which case investors will receive par plus the return of the worst-performing index.
The notes are callable quarterly at par beginning on Dec. 19, 2011.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Callable yield notes
|
| Underlying indexes: | S&P 500, Russell 2000
|
| Amount: | $2 million
|
| Maturity: | March 26, 2013
|
| Coupon: | 11.3%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless final level of either index is less than its initial level by more than its protection amount, in which case par plus return of worst-performing index
|
| Call option: | Quarterly at par beginning on Dec. 19, 2011
|
| Initial levels: | 1,204.09 for S&P 500 and 702.23 for Russell
|
| Protection amounts: | 782.66 for S&P 500 and 456.45 for Russell; 65% of initial levels
|
| Pricing date: | Sept. 19
|
| Settlement date: | Sept. 26
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.4%
|
| Cusip: | 22546TEE7
|
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