Published on 7/12/2011 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $12.84 million return enhanced notes tied to S&P 500 via JPMorgan
By Jennifer Chiou
New York, July 12 - Credit Suisse AG, Nassau Branch priced $12.84 million of 0% return enhanced notes due July 25, 2012 linked to 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, subject to a maximum return of 17.2%. Investors will share in any losses.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Return enhanced notes
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Underlying index: | S&P 500
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Amount: | $12.84 million
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Maturity: | July 25, 2012
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Coupon: | 0%
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Price: | Par with certain fiduciary accounts paying 99
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Payout at maturity: | Par plus double any index gain, subject to cap of 17.2%; investors share in any losses
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Initial level: | 1,343.80
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Pricing date: | July 8
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Settlement date: | July 13
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Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | None
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Cusip: | 22546TBX8
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