Published on 8/2/2012 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.99 million 11.5% callable yield notes on Russell, oil fund
By Toni Weeks
San Diego, Aug. 2 - Credit Suisse AG, Nassau Branch priced $1.99 million of 11.5% callable yield notes due Nov. 4, 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 notes are callable at par on any interest payment date beginning Nov. 5.
The payout at maturity will be par unless any component falls by 45% or more of its initial level during the life of the notes, in which case investors will receive par plus the return of the worst-performing component, up to a maximum payout of par.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, Nassau Branch
|
Issue: | Callable yield notes
|
Underlying components: | Russell 2000 index and United States Oil Fund, LP
|
Amount: | $1,991,000
|
Maturity: | Nov. 4, 2013
|
Coupon: | 11.5%, payable quarterly
|
Price: | Par
|
Payout at maturity: | Par, unless either component falls to or below 55% of its initial level during life of notes, in which case par plus return of worst-performing component, maximum payout of par
|
Initial levels: | 786.94 for Russell, $32.68 for oil fund
|
Knock-in levels: | 432.817 for Russell, $17.974 for oil fund, 55% of initial levels
|
Call option: | At par on any interest payment date beginning Nov. 5
|
Pricing date: | July 31
|
Settlement date: | Aug. 3
|
Agent: | Credit Suisse Securities (USA) LLC
|
Fees: | 0.25%
|
Cusip: | 22546TVL2
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.