Published on 3/5/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $124,000 6% callable yield notes linked to indexes
By Susanna Moon
Chicago, March 5 - Credit Suisse AG, Nassau Branch priced $124,000 of 6% callable yield notes due Sept. 5, 2014 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes are callable at par on any interest payment date.
The payout at maturity will be par unless either component falls at or below the 70% trigger level on any day during the life of the notes, in which case investors will receive par plus the return of the worst-performing component, up to a maximum payout of par.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Callable yield notes
|
| Underlying components: | S&P 500 index and the Russell 2000 index
|
| Amount: | $124,000
|
| Maturity: | Sept. 5, 2014
|
| Coupon: | 6%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless either component falls to or below knock-in level during life of notes, in which case par plus return of worst-performing component, maximum payout of par
|
| Initial levels: | 1,514.68 for S&P, 911.11 for Russell
|
| Knock-in levels: | 1,060.276 for S&P, 637.777 for Russell; 70% of initial levels
|
| Call option: | At par on any interest payment date
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 5
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 22546TY47
|
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