Published on 1/8/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $67.43 million Accelerated Return Notes on S&P 500
By Jennifer Chiou
New York, Jan. 8 - Credit Suisse AG, Nassau Branch priced $67,430,810 of 0% Accelerated Return Notes due Feb. 28, 2014 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 300% of any index gain, capped at 12.53%.
Investors will be exposed to any losses.
Bank of America Merrill Lynch is the underwriter.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Accelerated Return Notes
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Underlying index: | S&P 500
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Amount: | $67,430,810
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Maturity: | Feb. 28, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, capped at 12.53%; exposure to any losses
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Initial level: | 1,466.47
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Pricing date: | Jan. 4
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Settlement date: | Jan. 11
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Underwriter: | Bank of America Merrill Lynch
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Fees: | 2%
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Cusip: | 22539T860
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