Published on 1/24/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.18 million digital barrier notes on indexes
By Jennifer Chiou
New York, Jan. 24 - Credit Suisse AG, Nassau Branch priced $1,175,000 of 0% digital barrier notes due Jan. 27, 2015 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If both indexes finish above the respective 70% knock-in level, the payout at maturity will be par plus 12%.
Otherwise, the payout will be par plus the return of the lowest performing index.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Digital barrier notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $1,175,000
|
| Maturity: | Jan. 27, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 12% if both indexes finish above finish above knock-in level; otherwise, par plus the return of the lowest performing index
|
| Initial levels: | 1,485.98 for S&P, 892.80 for Russell
|
| Knock-in levels: | 1,040.186 for S&P, 624.96 for Russell; 70% of initial levels
|
| Pricing date: | Jan. 18
|
| Settlement date: | Jan. 28
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.85%
|
| Cusip: | 22546TS69
|
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