By Taylor Fox
New York, Feb. 22 – Credit Suisse AG, London Branch priced $1.39 million of 0% autocallable securities due Feb. 17, 2026 linked to the lowest performing of the ARK Genomic Revolution ETF and the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annual redemption premium of 21% the least-performing fund closes at or above its initial level on an annual observation date.
If the notes are not called and the final level of each fund is equal to or greater than 50% of its initial level, the payout at maturity will be par.
If the final level of any ETF is less than its knock-in level, investors will lose 1% for each 1% decline of the least performing ETF from its initial level.
The agent is Credit Suisse Securities (USA) LLC.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Autocallable securities
|
| Underlying funds: | ARK Genomic Revolution ETF and ARK Innovation ETF
|
| Amount: | $1,387,000
|
| Maturity: | Feb. 17, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If not called because both ETFs have finished below initial levels and least-performing ETF is equal to or greater than knock-in level, par; otherwise, 1% loss for each 1% decline of least-performing ETF
|
| Call: | Automatically at par plus annualized redemption premium of 21% if each ETF closes at or above its initial level on an annual observation date
|
| Initial levels: | $110.58 for Genomic, $153.10 for Innovation
|
| Knock-in levels: | $55.29 for Genomic, $76.55 for Innovation; 50% of initial levels
|
| Pricing date: | Feb. 10
|
| Settlement date: | Feb. 16
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 4.125%
|
| Cusip: | 22552XAV5
|
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