Published on 8/27/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.74 million 5% callable yield notes linked to two indexes
By Susanna Moon
Chicago, Aug. 27 - Credit Suisse AG, London Branch priced $1.74 million of 5% callable yield notes Feb. 27, 2015 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 will be callable at par plus the contingent coupon on any interest payment.
The payout at maturity will be par unless either index finishes at or below its 75% knock-in level, in which case investors will be fully exposed to any losses of the worst performing index.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Callable yield notes
|
| Underlying indexes: | S&P 500, Russell 2000
|
| Amount: | $1.74 million
|
| Maturity: | Feb. 27, 2015
|
| Coupon: | 5%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless either index finishes at or below knock-in level, in which case par plus return of worst performing index
|
| Call option: | At par plus coupon on any interest payment date
|
| Initial index levels: | 1,663.50 for S&P, 1,038.24 for Russell
|
| Barrier levels: | 1,247.625 for S&P, 778.68 for Russell; 75% of initial levels
|
| Pricing date: | Aug. 23
|
| Settlement date: | Aug. 30
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.5%
|
| Cusip: | 22547Q7J9
|
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