Published on 6/26/2012 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $3.67 million 7.3% callable yield notes on S&P 500, Russell 2000
By Jennifer Chiou
New York, June 26 - Credit Suisse AG, Nassau Branch priced $3,673,000 of 7.3% callable yield notes due Sept. 30, 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 quarterly.
The notes are callable at par on any interest payment date beginning on Sept. 28, 2012.
The payout at maturity will be par unless either index falls to or below the 70% knock-in 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: | $3,673,000
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Maturity: | Sept. 30, 2013
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Coupon: | 7.3%, payable quarterly
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Price: | Par
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Payout at maturity: | Par unless either index ever falls to or below knock-in level, in which case par plus return of worst-performing index, capped at par
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Initial levels: | 1,335.02 for S&P, 775.16 for Russell
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Knock-in levels: 934.514 for S&P, 542.612 for Russell; 70% of initial levels
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Call option: | At par on any interest payment date beginning on Sept. 28, 2012
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Pricing date: | June 22
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Settlement date: | June 29
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.5%
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Cusip: | 22546TUA7
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