Published on 6/18/2012 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $794,000 9.5% callable yield notes linked to fund, two indexes
By Jennifer Chiou
New York, June 18 - Credit Suisse AG, Nassau Branch priced $794,000 of 9.5% annualized callable yield notes due Dec. 19, 2012 linked to the S&P 500 index, the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes are callable at par on any interest payment date beginning on July 19, 2012.
The payout at maturity will be par unless any component falls to or below the 65% trigger level during the life of the notes, in which case investors will receive par plus the return of the worst-performing component.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Callable yield notes
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Underlying components: S&P 500 index, Russell 2000 index and Market Vectors Gold Miners exchange-traded fund
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Amount: | $794,000
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Maturity: | Dec. 19, 2012
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Coupon: | 9.5%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless any component ever closes at or below knock-in level, in which case par plus return of worst-performing component
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Initial levels: | 1,329.10 for S&P, 762.34 for Russell, $46.93 for fund
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Knock-in levels: | 863.915 for S&P, 495.521 for Russell, $30.5045 for fund; 65% of initial levels
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Call option: | At par on any monthly interest payment date beginning on July 19, 2012
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Pricing date: | June 14
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Settlement date: | June 19
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.5%
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Cusip: | 22546TUP4
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