Published on 12/28/2012 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $741,000 digital barrier notes tied to S&P, Russell
By Susanna Moon
Chicago, Dec. 27 - Credit Suisse AG, Nassau Branch priced $741,000 of 0% digital barrier notes due Dec. 31, 2014 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 70% knock-in level, the payout at maturity will be par plus 12.4%.
Otherwise, the payout will be par plus the return of the lowest performing index.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Digital barrier notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $741,000
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Maturity: | Dec. 31, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 12.4% if lowest performing index finishes above knock-in level; otherwise, par plus the return of the lowest performing index
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Initial levels: | 1,430.15 for S&P, 847.92 for Russell
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Knock-in levels: | 1,001.105 for S&P, 593.544 for Russell; 70% of initial levels
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Pricing date: | Dec. 21
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Settlement date: | Dec. 31
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.85%
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Cusip: | 22546TM99
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