Published on 9/27/2011 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $627,000 of 0% Bares tied to iShares MSCI EM fund
By Jennifer Chiou
New York, Sept. 27 - Credit Suisse AG, Nassau Branch priced $627,000 of 0% Buffered Accelerated Return Equity Securities due Sept. 30, 2013 linked to the iShares MSCI Emerging Markets index fund, according to an FWP with the Securities and Exchange Commission.
If the final fund level is greater than or equal to the initial level, the payout at maturity will be par plus double the return, capped at 29.2%.
Investors will receive par for losses up to 10% and will share in any losses beyond the buffer.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Buffered Accelerated Return Equity Securities
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Underlying fund: | iShares MSCI Emerging Markets index fund
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Amount: | $627,000
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Maturity: | Sept. 30, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final fund level is greater than or equal to the initial level, par plus double fund gain, capped at 29.2%; investors share in losses beyond 10%
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Initial fund level: | $35.88
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Pricing date: | Sept. 23
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Settlement date: | Sept. 30
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 1.85%, plus up to 0.55% for referral fees
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Cusip: | 22546TDG3
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