Published on 6/25/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $350,000 Bares linked to Euro Stoxx
New York, June 25 - Credit Suisse AG, Nassau Branch priced $350,000 of 0% Buffered Accelerated Return Equity Securities due June 28, 2016 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum payout of par plus 86%. Investors will receive par if the index falls by up to 10% and lose 1% for every 1% decline in the index beyond 10%.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Buffered Accelerated Return Equity Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $350,000
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Maturity: | June 28, 2016
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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 plus 200% of the index return, subject to maximum payout of par plus 86%; par if index falls by up to 10%; 1% loss for every 1% decline in the index beyond 10%
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Initial index level: | SX5E
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Pricing date: | June 21
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Settlement date: | June 28
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Underwriters: | Credit Suisse Securities (USA) LLC
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Fees: | 2.15%
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Cusip: | 22547Q3T1
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