Published on 2/16/2012 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1 million digital notes linked to Russell 2000
By Susanna Moon
Chicago, Feb. 16 - Credit Suisse AG, Nassau Branch priced $1 million of 0% digital notes due Feb. 20, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the 70% knock-in level, the payout at maturity will be par plus 32.6%.
Otherwise, investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Digital notes
|
| Underlying index: | Russell 2000
|
| Amount: | $1 million
|
| Maturity: | Feb. 20, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes above knock-in level, par plus 32.6%, otherwise, exposure to any losses
|
| Initial level: | 813.98
|
| Knock-in level: | 569.786, 70% of initial level
|
| Pricing date: | Feb. 15
|
| Settlement date: | Feb. 21
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 2%
|
| Cusip: | 22546TMV0
|
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