Published on 9/21/2010 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $2.98 million 0% Bares linked to Russell 2000
By Jennifer Chiou
New York, Sept. 21 - Credit Suisse AG, Nassau Branch priced a $2.98 million issue of 0% Buffered Accelerated Return Equity Securities due Sept. 24, 2012 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus a fixed payment of 24%.
If the index declines by 10% or less, the payout will be par. Investors will be exposed to any index decline beyond 10%.
Credit Suisse Securities (USA) LLC will be the underwriter.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Buffered Accelerated Return Equity Securities
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Underlying index: | Russell 2000
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Amount: | $2,982,000
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Maturity: | Sept. 24, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index performance is positive, par plus 24%, capped at 14.5%; investors share in losses beyond 10%
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Initial index level: | 651.44
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Pricing date: | Sept. 17
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Settlement date: | Sept. 24
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.85%
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Cusip: | 22546EXG4
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