Published on 2/22/2012 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $3.45 million 6.12% callable yield notes on S&P 500, Russell 2000
By Jennifer Chiou
New York, Feb. 22 - Credit Suisse AG, Nassau Branch priced $3,447,000 of 6.12% callable yield notes due May 28, 2013 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par on any interest payment date on or after May 29, 2012.
The payout at maturity will be par unless either index falls by 30% or more of the initial level during the life of the notes, in which case investors will receive par plus the return of the worst-performing index, up to a maximum payout of par.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, Nassau Branch
|
Issue: | Callable yield notes
|
Underlying indexes: | S&P 500 and Russell 2000
|
Amount: | $3,447,000
|
Maturity: | May 28, 2013
|
Coupon: | 6.12% per year, payable quarterly
|
Price: | Par
|
Payout at maturity: | Par unless either index falls by 30% or more during the life of the notes, in which case par plus return of worst-performing index, up to a maximum payout of par
|
Initial levels: | 1,361.23 for S&P, 828.68 for Russell
|
Knock-in level: | 952.861 for S&P, 580.076 for Russell; 70% of initial levels
|
Call option: | At par on any quarterly interest payment date on or after May 29, 2012
|
Pricing date: | Feb. 17
|
Settlement date: | Feb. 27
|
Agent: | Credit Suisse Securities (USA) LLC
|
Fees: | 1.5%
|
Cusip: | 22546TMG3
|
© 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.