Published on 3/4/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $692,000 Bares linked to S&P 500, Russell 2000
By Toni Weeks
San Luis Obispo, Calif., March 4 - Credit Suisse AG, Nassau Branch priced $692,000 of 0% Buffered Accelerated Return Equity Securities due March 6, 2017 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the least-performing underlying index is zero or positive, the payout at maturity will be par plus the greater of the return and a fixed payment percentage of 28%. Investors will receive par if the least-performing index falls by up to 20% and will lose 1% for every 1% decline in the index 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 indexes: | S&P 500 and Russell 2000
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Amount: | $692,000
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Maturity: | March 6, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If least-performing index return is flat or positive, par plus 28%; par if least-performing index falls by up to 20%; 1% loss for every 1% decline in the index beyond 20%
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Initial index levels: | 1,514.68 for S&P 500 and 911.11 for Russell
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Pricing date: | Feb. 28
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Settlement date: | March 5
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Underwriters: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22546TZ79
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