Published on 3/28/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $3.86 million buffered enhanced notes on S&P 500
By Marisa Wong
Madison, Wis., March 28 - Credit Suisse AG, Nassau Branch priced $3.86 million of 0% buffered enhanced participation equity securities due Feb. 17, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 130% of any gain in the index, up to underlying return cap of 18.85%.
Investors will receive par if the index falls by up to 12.5% and will lose 1.14286% for each 1% decline beyond 12.5%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Buffered enhanced participation equity securities
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Underlying index: | S&P 500 index
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Amount: | $3,861,000
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Maturity: | Feb. 17, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 130% of any index gain, underlying return capped at 18.85%; par if index falls by 12.5% or less; 1.14286% loss for every 1% decline beyond 12.5%
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Initial level: | 1,562.85
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Pricing date: | March 27
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Settlement date: | April 4
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22546T4H1
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