Published on 3/21/2011 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $592,000 ARES tied to Financial Select Sector SPDR
By Toni Weeks
San Diego, March 21 - Credit Suisse AG, Nassau Branch priced 0% Accelerated Return Equity Securities due Sept. 25, 2012 linked to the Financial 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 19.1%. 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: | Financial Select Sector SPDR fund
|
| Amount: | $592,000
|
| Maturity: | Sept. 25, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any fund gain, up to a maximum return of 19.1%; exposure to losses
|
| Initial level: | $16.28
|
| Pricing date: | March 18
|
| Settlement date: | March 25
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.5%
|
| Cusip: | 22546E2C7
|
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