Published on 2/23/2011 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $517,000 Accelerated Return Equity Securities on Energy Select SPDR
By Marisa Wong
Madison, Wis., Feb. 23 - Credit Suisse AG, Nassau Branch priced $517,000 of 0% Accelerated Return Equity Securities due Aug. 31, 2012 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any fund gain, up to a maximum return of 20.25%.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Accelerated Return Equity Securities
|
| Underlying fund: | Energy Select Sector SPDR fund
|
| Amount: | $517,000
|
| Maturity: | Aug. 31, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any fund gain, capped at 20.25%; full exposure to losses
|
| Initial price: | $77.06
|
| Pricing date: | Feb. 18
|
| Settlement date: | Feb. 28
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.5%
|
| Cusip: | 22546EU93
|
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