Published on 2/25/2011 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $51 million return enhanced notes on S&P 500 via JPMorgan
By Susanna Moon
Chicago, Feb. 25 - Credit Suisse AG, Nassau Branch priced $51 million of 0% return enhanced notes due May 31, 2011 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 double any gain in the index, up to a maximum return of 6.36%.
Investors will be exposed to any losses.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Return enhanced notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $51 million
|
| Maturity: | May 31, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any gain, capped at 6.36%; exposure to any losses
|
| Initial index level: | 1,319.88
|
| Pricing date: | Feb. 25
|
| Settlement date: | March 2
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 22546EZ98
|
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