Published on 4/29/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.82 million digital-plus barrier notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., April 29 - Credit Suisse AG, Nassau Branch priced $1.82 million of 0% digital-plus barrier notes due April 28, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the greater of the index return and 18%.
If the final index level is greater than the knock-in level, 70% of the initial index level, but less than the initial level, the payout will be par.
If the final index level is less than or equal to the knock-in level, investors will be fully exposed to the index's decline from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Digital-plus barrier notes
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Underlying index: | S&P 500
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Amount: | $1,821,000
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Maturity: | April 28, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to initial index level, par plus greater of index return and 18%; if final index level is greater than knock-in level but less than initial level, par; if final index level is less than or equal to knock-in level, full exposure to index's decline from initial level
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Initial index level: | 1,585.16
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Knock-in level: | 1,109.612, 70% of initial level
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Pricing date: | April 25
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Settlement date: | April 30
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 3.5%
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Cusip: | 22546T4Z1
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