Published on 2/23/2011 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $4.5 million accelerated return notes on Euro Stoxx 50
By Susanna Moon
Chicago, Feb. 23 - Credit Suisse AG, Nassau Branch priced $4.5 million of 0% Accelerated Return Equity Securities due March 28, 2012 based on the performance of the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 23.1%.
Investors will be exposed to any losses.
Deutsche Bank Trust Co. Americas is the agent.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Accelerated Return Equity Securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $4.5 million
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Maturity: | March 28, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at 23.1%; exposure to losses
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Initial level: | 2,954.92
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Pricing date: | Feb. 23
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Settlement date: | Feb. 28
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Agent: | Deutsche Bank Trust Co. Americas
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Fees: | None
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Cusip: | 22546EX90
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