Published on 9/28/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $6.32 million Capped Leveraged Index Return Notes on Russell
By William Gullotti
Buffalo, N.Y., Sept. 28 – Credit Suisse AG, London Branch priced $6.32 million of 0% Capped Leveraged Index Return Notes due Sept. 29, 2023 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum payout of par plus 14.9%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
BofA Securities is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Capped Leveraged Index Return Notes
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Underlying index: | Russell 2000
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Amount: | $6,322,120
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Maturity: | Sept. 29, 2023
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus double any index gain, up to a maximum payout of par plus 14.9%; par if the index falls by up to 10%; 1% loss for every 1% decline beyond 10%
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Initial level: | 2,259.041
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Threshold level: | 2,033.137; 90% of initial level
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Pricing date: | Sept. 23
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Settlement date: | Sept. 30
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Agent: | BofA Securities
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Fees: | 2%
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Cusip: | 22550J585
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