Published on 4/2/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $7.73 million PLUS linked to S&P 500 via Citigroup
By Susanna Moon
Chicago, April 2 - Credit Suisse AG, Nassau Branch priced $7.73 million of 0% Performance Leveraged Upside Securities due May 1, 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 11.25%.
Investors will be exposed to any losses.
Citigroup Global Markets Inc. is the agent with Morgan Stanley Smith Barney LLC as dealer.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $7,733,000
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Maturity date: | May 1, 2014
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus 300% of any index gain, return capped at 11.25%; exposure to any losses
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Initial level: | 1,569.19
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Pricing date: | March 28
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Settlement date: | April 3
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Agent: | Citigroup Global Markets Inc. with Morgan Stanley Smith Barney LLC as dealer
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Fees: | 2%
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Cusip: | 22539T779
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