Published on 5/29/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $13.2 million 5% coupon buffered notes linked to index, fund
By Susanna Moon
Chicago, May 29 - Credit Suisse AG, Nassau Branch priced $13.2 million of 5% coupon buffered securities due Sept. 4, 2014 linked to the Russell 2000 index and the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The payout at maturity will be par unless the worst performing component falls by more than 15%, investors will be exposed to any losses of the worst performing component.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, Nassau Branch
|
Issue: | Coupon buffered securities
|
Underlying components: | Russell 2000 index and the iShares MSCI EAFE index fund
|
Amount: | $13.2 million
|
Maturity: | Sept. 4, 2014
|
Coupon: | 5%, payable quarterly
|
Price: | Par
|
Payout at maturity: | Par unless worst performing component falls by more than 15%, in which case full exposure to losses of worst performing component
|
Initial levels: | 997.35 for Russell, $61.61 for EAFE fund
|
Trigger levels: | 85% of initial level
|
Pricing date: | May 28
|
Settlement date: | May 31
|
Underwriter: | Credit Suisse Securities (USA) LLC
|
Fees: | 0.05%
|
Cusip: | 22547Q2Y1New Issue: Credit Suisse prices $13.2 million 5% coupon buffered notes linked to index, fund
|
By Susanna Moon
|
| Chicago, May 29 - Credit Suisse AG, Nassau Branch priced $13.2 million of 5% coupon buffered securities due Sept. 4, 2014 linked to the Russell 2000 index and the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
|
| Interest is payable quarterly.
|
| The payout at maturity will be par unless the worst performing component falls by more than 15%, investors will be exposed to any losses of the worst performing component.
|
| Credit Suisse Securities (USA) LLC is the underwriter.
|
|
Issuer: | Credit Suisse AG, Nassau Branch
|
Issue: | Coupon buffered securities
|
Underlying components: | Russell 2000 index and the iShares MSCI EAFE index fund
|
Amount: | $13.2 million
|
Maturity: | Sept. 4, 2014
|
Coupon: | 5%, payable quarterly
|
Price: | Par
|
Payout at maturity: | Par unless worst performing component falls by more than 15%, in which case full exposure to losses of worst performing component
|
Initial levels: | 997.35 for Russell, $61.61 for EAFE fund
|
Trigger levels: | 85% of initial level
|
Pricing date: | May 28
|
Settlement date: | May 31
|
Underwriter: | Credit Suisse Securities (USA) LLC
|
Fees: | 0.05%
|
Cusip: | 22547Q2Y1
|
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