Published on 7/3/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $4.93 million accelerated return notes tied to S&P 500, Russell
By Toni Weeks
San Luis Obispo, Calif., July 3 - Credit Suisse AG, Nassau Branch plans to price 0% accelerated return notes due July 7, 2017 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 135% of any gain in the least-performing index.
Investors will receive par if the least-performing index falls by up to 50% and will be fully exposed to the decline if it finishes below the 50% knock-in level.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Accelerated return notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $4,932,000
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Maturity: | July 7, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 135% any gain in the least-performing index; par if least-performing index falls by up to 50%; full exposure to decline of least-performing index if it finishes below knock-in level
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Initial levels: | 1,614.96 for S&P 500 and 989.84 for Russell
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Knock-in levels: | 807.48 for S&P 500 and 494.92 for Russell, 50% of initial levels
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Pricing date: | July 1
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Settlement date: | July 5
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.25%
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Cusip: | 22547Q4U7
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