Published on 7/26/2012 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $5 million accelerated return notes on Nikkei 225
By Susanna Moon
Chicago, July 26 - Credit Suisse AG, Nassau Branch priced $5 million of 0% accelerated return equity securities due Aug. 29, 2013 linked to the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to an underlying return cap of 20.6%.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Accelerated return equity securities
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Underlying index: | Nikkei 225 index
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Amount: | $5 million
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Maturity: | Aug. 29, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any gain, up to underlying return cap of 20.6%; exposure to any losses
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Initial level: | 8,488.09
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Pricing date: | July 24
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Settlement date: | July 27
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 1%
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Cusip: | 22546TWF4
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