New Issue: Credit Suisse sells $618,000 of 0% Bares linked to S&P 500 index

By Susanna Moon

Chicago, Nov. 2 - Credit Suisse AG, Nassau Branch priced $618,000 of 0% Buffered Accelerated Return Equity Securities due May 3, 2012 based on the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, up to an underlying cap of 16%.

Investors will receive par if the index falls by up to 10% and will be exposed to losses beyond 10%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying index:	S&P 500
Amount:	$618,000
Maturity:	May 3, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of index gain, capped at 16%; share in losses beyond 10%
Initial level:	1,183.26
Pricing date:	Oct. 29
Settlement date:	Nov. 3
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	$0.25
Cusip:	22546EZW7

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.