Published on 3/8/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.5 million 5.1% callable yield notes on indexes
By Jennifer Chiou
New York, March 8 - Credit Suisse AG, Nassau Branch priced $1.5 million of 5.1% callable yield notes due March 13, 2015 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par on any interest payment date beginning on June 13, 2013.
The payout at maturity will be par unless either component falls at or below the 70% trigger level on any day during the life of the notes, in which case investors will receive par plus the return of the worst-performing component, up to a maximum payout of par.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Callable yield notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $1.5 million
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Maturity: | March 13, 2015
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Coupon: | 5.1%, payable quarterly
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Price: | Par
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Payout at maturity: | Par unless either component falls to or below knock-in level during life of notes, in which case par plus return of worst-performing component, maximum payout of par
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Initial levels: | 1,541.46 for S&P, 929.96 for Russell
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Knock-in levels: | 1,079.022 for S&P, 650.972 for Russell; 70% of initial levels
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Call option: | At par on any interest payment date beginning on June 13, 2013
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Pricing date: | March 6
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Settlement date: | March 13
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.5%
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Cusip: | 22546T3P4
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