Published on 11/29/2012 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $5.12 million Certificate Plus linked to S&P 500
By Marisa Wong
Madison, Wis., Nov. 29 - Credit Suisse AG, Nassau Branch priced $5.12 million of 0% Certificate Plus due Nov. 30, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event will occur if the final index level is less than 65% of the initial level.
If the index return is positive, the payout at maturity will be par plus 148% of the index gain.
If a knock-in event occurs, the payout will be par plus index return with full exposure to losses. Otherwise, the payout will be par.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Certificate Plus
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Underlying index: | S&P 500
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Amount: | $5,123,000
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Maturity: | Nov. 30, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 148% of any index gain; par plus index return if final index level is less than knock-in level, investors will be fully exposed to losses; otherwise, par
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Initial index level: | 1,398.94
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Knock-in level: | 909.31, 65% of initial level
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Pricing date: | Nov. 27
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Settlement date: | Nov. 30
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 3.82%
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Cusip: | 22546TL33
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