Published on 2/27/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $746,000 digital plus barrier notes on S&P 500
By Marisa Wong
Madison, Wis., Feb. 27 - Credit Suisse AG, Nassau Branch priced $746,000 of 0% digital plus barrier notes due Feb. 28, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the index gain and a fixed payment of 19%.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index falls by 30% or more.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Digital plus barrier notes
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Underlying index: | S&P 500
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Amount: | $746,000
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Maturity: | Feb. 28, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus return, floor of 19%; par if index falls by up to 30%; full exposure to losses if index falls by 30% or more
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Initial index level: | 1,487.85
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Knock-in level: | 1,041.495, 70% of initial level
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Pricing date: | Feb. 25
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Settlement date: | Feb. 28
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 3.5%
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Cusip: | 22546TW49
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