Published on 2/14/2012 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $33.49 million accelerated return notes on S&P 500
New York, Feb. 14 - Credit Suisse AG, Nassau Branch priced $33.49 million of 0% Accelerated Return Securities due Feb. 13, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 130% of any basket gain. Investors will receive par if the index declines by up to 40% and will be fully exposed to losses if the S&P 500 loses more than 40%.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, Nassau Branch
|
Issue: | Accelerated Return Securities
|
Underlying index: | S&P 500 index
|
Amount: | $33,485,000
|
Maturity: | Feb. 13, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 130% of any gain; par for losses up to 40%; full exposure to losses if index falls below trigger level of 60% of initial value
|
Initial level: | 1342.64
|
Trigger level: | 805.584, 60% of initial level
|
Pricing date: | Feb. 10
|
Settlement date: | Feb. 15
|
Underwriter: | Credit Suisse Securities (USA) LLC
|
Fees: | 2.5%
|
Cusip: | 22546TMJ7
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.