Published on 6/29/2011 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $711,000 Cert PLUS notes tied to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., June 29 - Credit Suisse AG, Nassau Branch priced $711,000 of 0% Cert PLUS securities due June 30, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus 153% of the index return.
If the index finishes below the initial level, the payout at maturity will be par if the index never closes at or below 30% of its initial level during the life of the securities. Otherwise, the payout will be par plus the index return.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Cert PLUS securities
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Underlying index: | Euro Stoxx 50
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Amount: | $711,000
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Maturity: | June 30, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 153% of any index gain; par plus index return if return is negative and index ever closes at or below knock-in level during life of securities; otherwise, par
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Initial index level: | 2,723.93
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Knock-in level: | 817.179, 30% of initial level
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Pricing date: | June 27
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Settlement date: | June 30
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 3.5%
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Cusip: | 22546TAM3
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