Published on 3/18/2011 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $4.35 million of Cert PLUS notes on Euro Stoxx 50
By Toni Weeks
San Diego, March 18 - Credit Suisse AG, Nassau Branch priced $4.35 million of 0% Cert PLUS securities due March 21, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par times a participation rate of 165%.
If the index finishes below the initial level, the payout at maturity will be par if the index never closes at or below the knock-in level, 30% of the initial level. Otherwise, the payout will be par plus the index return.
Credit Suisse Securities (USA) LLC will act as agent.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Cert PLUS securities
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Underlying index: | Euro Stoxx 50
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Amount: | $4,354,000
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Maturity: | March 21, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par times a participation rate of 165%; par if index declines by up to 70%; otherwise, par plus the index return
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Initial level: | 2721.24
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Knock-in level: | 816.37, 30% of initial
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Pricing date: | March 16
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Settlement date: | March 21
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 3.5%
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Cusip: | 22546E2N3
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