Published on 3/21/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $20.26 million 0% Bares linked to S&P MidCap 400
By Toni Weeks
San Luis Obispo, Calif., March 21 - Credit Suisse AG, Nassau Branch priced $20.26 million of 0% Buffered Accelerated Return Equity Securities due Sept. 23, 2015 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 equal to or greater than the initial level, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of 27.5%.
Investors will receive par for losses of 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
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Amount: | $20,256,000
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Maturity: | Sept. 23, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return is zero or positive, par plus 1.5 times index return, return capped at 27.5%; par if index falls by up to 10%; 1% loss for every 1% decline beyond 10%
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Initial level: | 1,134.81
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Pricing date: | March 19
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Settlement date: | March 22
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Underwriters: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22546T2L4
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