Published on 3/15/2011 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $16.1 million of 0% Bares linked to S&P MidCap 400
By Toni Weeks
San Diego, March 15 - Credit Suisse AG, Nassau Branch priced $16.1 million of 0% Buffered Accelerated Return Equity Securities due March 18, 2013 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par plus 150% of the index return, capped at 28.81%. Investors will receive par for losses up to 10% and will share in any losses beyond the buffer.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Buffered Accelerated Return Equity Securities
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Underlying index: | S&P MidCap 400 index
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Amount: | $16.1 million
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Maturity: | March 18, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than initial level, par plus 150% of index return, capped at 28.81%; par for losses up to 10%; share in losses beyond 10%
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Initial index level: | 952.94
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Pricing date: | March 11
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Settlement date: | March 16
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22546EW34
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