Published on 7/2/2012 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.7 million callable yield notes on index, oil fund
By Jennifer Chiou
New York, July 2 - Credit Suisse AG, Nassau Branch priced $1,701,000 of 9.5% callable yield notes due July 3, 2013 linked to 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 quarterly.
The payout at maturity will be par unless either underlying component falls to or below the 55% trigger level during the life of the notes, in which case the payout will be par plus the return of the worst-performing component, up to a maximum payout of par.
The notes are callable on any interest payment date beginning on Oct. 3, 2012.
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: Russell 2000 index and United States Oil Fund, LP
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Amount: | $1,701,000
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Maturity: | July 3, 2013
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Coupon: | 9.5%, payable quarterly
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Price: | Par
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Payout at maturity: | Par unless either component falls to or below the 55% trigger level during the life of the notes, in which case par plus the return of the worst-performing component, up to a maximum of par
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Call option: | On any interest payment date beginning on Oct. 3, 2012
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Initial levels: | 775.89 for Russell, $29.50 for United States Oil Fund
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Knock-in levels: 426.7395 for Russell, $16.225 for United States Oil Fund, all 55% of initial levels
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Pricing date: | June 28
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Settlement date: | July 3
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.25%
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Cusip: | 22546TUH2
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