Published on 12/19/2012 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $33 million return enhanced notes linked to S&P 500
By Susanna Moon
Chicago, Dec. 19 - Credit Suisse AG, Nassau Branch priced $33 million of 0% return enhanced notes due Jan. 13, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.5 times any index gain, up to a maximum return of 21.5%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Return enhanced notes
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Underlying stock: | S&P 500
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Amount: | $33 million
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Maturity: | Jan. 13, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 250% of any index gain, capped at 21.5%; exposure to any losses
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Initial price: | 1,430.36
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Pricing date: | Dec. 17
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Settlement date: | Dec. 20
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Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | None
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Cusip: | 22546TQ38
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