Published on 6/3/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $15.24 million capped Leveraged Index Return Notes on Russell 2000
By Jennifer Chiou
New York, June 3 - Credit Suisse AG, Nassau Branch priced $15,236,940 of capped Leveraged Index Return Notes due May 29, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus double any index gain, subject to a maximum return of 22.5%.
Investors will receive par if the index falls by up to 5% and will be exposed to any losses beyond 5%.
The final index value will be the average of the closing index levels on the five trading days ending Mary 26, 2015.
BofA Merrill Lynch is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Capped Leveraged Index Return Notes
|
| Underlying index: | Russell 2000
|
| Amount: | $15,236,940
|
| Maturity: | May 29, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any gain in the index, subject to cap of 22.5%; par if index falls by up to 5%, exposure to losses beyond 5%
|
| Initial level: | 994.43
|
| Threshold level | 944.71, 95% of initial value
|
| Pricing date: | May 30
|
| Settlement date: | June 6
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 22539T753
|
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