Published on 12/11/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1 million CS notes linked to Russell 2000
By Toni Weeks
San Luis Obispo, Calif., Dec. 11 – Credit Suisse AG, Nassau Branch priced $1 million of 0% CS notes due Dec. 14, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the greater of the 8% fixed payment percentage and the index return, subject to a maximum return of 50%.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | CS notes
|
| Underlying index: | Russell 2000
|
| Amount: | $1 million
|
| Maturity: | Dec. 14, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus greater of 8% and index return, capped at 50%
|
| Initial level: | 1,188.057
|
| Pricing date: | Dec. 9
|
| Settlement date: | Dec. 12
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 3.25%
|
| Cusip: | 22547QZ82
|
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