Published on 5/16/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $4.65 million buffered return notes tied to S&P 500
By Toni Weeks
San Luis Obispo, Calif., May 16 - Credit Suisse AG, Nassau Branch priced $4.65 million of 0% buffered return equity securities due Aug. 18, 2014 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 any gain in the index, up to a maximum return of 13.25%.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Buffered return equity securities
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Underlying index: | S&P 500
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Amount: | $4,647,000
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Maturity: | Aug. 18, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, return capped at 13.25%; par if index falls by 10% or less; 1.1111% loss for every 1% decline beyond 10%
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Initial index level: | 1,650.34
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Buffer level: | 90% of initial level
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Pricing date: | May 14
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Settlement date: | May 17
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.25%
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Cusip: | 22547Q2G0
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