Published on 3/27/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $713,000 Bares linked to Russell
New York, March 27 - Credit Suisse AG, Nassau Branch priced $713,000 of 0% Buffered Accelerated Return Equity Securities due March 28, 2016 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 17%. Investors will receive par if the index falls by up to 20% and 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 index: | Russell 2000
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Amount: | $713,000
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Maturity: | March 28, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 17%; par if index falls by up to 20%; 1% loss for every 1% decline in the index beyond 20%
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Initial index level: | 949.82
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Pricing date: | March 26
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Settlement date: | March 28
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Underwriters: | Credit Suisse Securities (USA) LLC
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Fees: | 2.45%
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Cusip: | 22546T3H2
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