Published on 8/29/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $935,000 Cert Plus notes linked to S&P 500, Russell
By Susanna Moon
Chicago, Aug. 29 - Credit Suisse AG, London Branch priced $935,000 of 0% Cert Plus securities due Aug. 30, 2017 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the lowest performing index finishes above the initial level, the payout at maturity will be par plus 1.36 times any gain in the lowest performing index.
Otherwise, the payout will be par unless the lowest performing index finishes at or below the 60% trigger level, in which case investors will receive par plus the return of the lowest performing index.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Cert Plus securities
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $935,000
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Maturity: | Aug. 30, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 136% of gain of lowest performing index; if either index falls, the payout will be par unless lowest performing index finishes at or below trigger level, in which case par plus the return of the lowest performing index
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Initial levels: | 1,630.48 for S&P, 1,013.49 for Russell
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Knock-in levels: | 978.288 for S&P, 608.094 for Russell; 60% of initial levels
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Pricing date: | Aug. 27
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Settlement date: | Aug. 30
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 3.5%
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Cusip: | 22547Q6C5
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