Published on 9/14/2012 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $3.42 million call warrants linked to Asian indexes
By Angela McDaniels
Tacoma, Wash., Sept. 14 - Credit Suisse AG, Nassau Branch priced $3.42 million of call warrants expiring Sept. 17, 2015 linked to a basket of indexes through Barclays, according to a 424B2 filing with the Securities and Exchange Commission.
The 28,502 warrants sold for $120 each.
The basket includes equal weights of the Hang Seng China Enterprises index, the Korea Stock Price Index 200, the MSCI Taiwan index, the Hang Seng index and the MSCI Singapore Free index.
The notional amount is $1,000 per warrant. The issue price is equal to 12% of the notional amount.
The warrants will be exercised automatically on the expiration date, and investors will receive the cash settlement value.
If the final basket level is greater than the initial basket level, the cash settlement value will be $1,000 multiplied by the basket return. If the final basket level is less than or equal to the initial basket level, the cash settlement value will be zero and the warrants will expire worthless.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Call warrants
|
| Underlying indexes: | Hang Seng China Enterprises, Korea Stock Price 200, MSCI Taiwan, Hang Seng and MSCI Singapore Free indexes, equally weighted
|
| Amount: | $3,420,240
|
| Warrants: | 28,502
|
| Price: | $120
|
| National amount: | $1,000
|
| Expiration: | Sept. 17, 2015
|
| Cash settlement: | If final basket level is greater than initial basket level, $1,000 multiplied by basket return; if final basket level is less than or equal to initial basket level, zero
|
| Initial index levels: | 9,488.52 for Hang Seng China Enterprises; 256.94 for Korea Stock Price 200; 269.10 for MSCI Taiwan; 20,075.39 for Hang Seng; 349.02 for MSCI Singapore Free
|
| Pricing date: | Sept. 12
|
| Settlement date: | Sept. 17
|
| Agent: | Barclays
|
| Fees: | $12.50 per warrant
|
| Cusip: | 22539T308
|
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