Published on 10/29/2012 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $565,000 Bares linked to iShares MSCI Emerging Markets index fund
By Susanna Moon
Chicago, Oct. 29 - Credit Suisse AG, Nassau Branch priced $565,000 of 0% Buffered Accelerated Return Equity Securities due Oct. 31, 2014 tied to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes above the initial level, the payout at maturity will be par plus the fixed percentage of 17.5%.
Investors will receive par if the shares fall by up to 10% and lose 1% for every 1% decline beyond 10%.
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 fund: | iShares MSCI Emerging Markets index fund
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Amount: | $565,000
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Maturity: | Oct. 31, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If fund gains, par plus 17.5%; par if shares fall by up to 10%; 1% loss for every 1% decline beyond 10%
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Initial level: | $41.24
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Pricing date: | Oct. 26
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Settlement date: | Oct. 31
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Underwriters: | Credit Suisse Securities (USA) LLC
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Fees: | 2.5%
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Cusip: | 22546TA76
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