Published on 6/1/2012 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $160,000 6.25% callable yield notes linked to fund, two indexes
By Susanna Moon
Chicago, June 1 - Credit Suisse AG, Nassau Branch priced $160,000 of 6.25% callable yield notes due June 4, 2013 linked to the S&P 500 index, the Russell 2000 index and the United States Oil Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes are callable at par on any interest payment date.
The payout at maturity will be par unless any component falls to or below the 60% trigger level during the life of the notes, in which case investors will receive par plus the return of the worst-performing component.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Callable yield notes
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Underlying components: | S&P 500 index, Russell 2000 index and United States Oil Fund, LP
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Amount: | $160,000
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Maturity: | June 4, 2013
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Coupon: | 6.25%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless any component ever closes at or below knock-in level, in which case par plus return of worst-performing component
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Initial levels: | 1,313.32 for S&P, 762.00 for Russell, $33.02 for fund
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Knock-in levels: | 787.992 for S&P, 457.20 for Russell, $19.812 for fund; 60% of initial levels
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Call option: | At par on any monthly interest payment date
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Pricing date: | May 30
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Settlement date: | June 4
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 2%
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Cusip: | 22546TSZ5
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