Published on 8/2/2011 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $941,000 9.25% callable yield notes tied to S&P 500, Russell 2000
By Jennifer Chiou
New York, Aug. 2 - Credit Suisse AG, Nassau Branch priced $941,000 of 9.25% callable yield notes due Aug. 3, 2012 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 quarterly.
The notes are callable at par on any interest payment date.
The payout at maturity will be par unless either index closes at or below its knock-in level - 75% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worst-performing index.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Callable yield notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $941,000
|
| Maturity: | Aug. 3, 2012
|
| Coupon: | 9.25%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless either index closes at or below 75% of its initial level during the life of the notes, in which case par plus return of worst-performing index
|
| Call option: | At par on any interest payment date
|
| Initial levels: | 1,292.28 for S&P 500, 797.03 for Russell 2000
|
| Knock-in levels: | 969.21 for S&P 500, 597.7725 for Russell 2000; 75% of initial levels
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 3
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.25%
|
| Cusip: | 22546TBA8
|
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