Published on 2/9/2012 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $530,000 5.5% callable yield notes linked to S&P 500, Russell 2000
By Toni Weeks
San Diego, Feb. 9 - Credit Suisse AG, Nassau Branch priced $530,000 of 5.5% callable yield notes due Feb. 11, 2013 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 index falls by 35% or more of the initial level during the life of the notes, in which case investors will receive par plus the return of the worst-performing index, up to a maximum payout of par.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Callable yield notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $530,000
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Maturity: | Feb. 11, 2013
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Coupon: | 5.5% per year, payable monthly
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Price: | Par
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Payout at maturity: | Par, unless either index falls by 35% or more during the life of the notes, in which case par plus return of worst-performing index, up to a maximum payout of par
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Initial levels: | 1,347.05 for S&P, 827.37 for Russell
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Knock-in level: | 875.5825 for S&P, 537.7905 for Russell; 65% of initial levels
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Call option: | At par on any monthly interest payment date beginning March 12
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Pricing date: | Feb. 7
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Settlement date: | Feb. 10
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | Up to 2.25%
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Cusip: | 22546TLJ8
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