Published on 5/13/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $1.66 million accelerated barrier notes on S&P, Dow
Chicago, May 13 – Credit Suisse AG, London Branch priced $1.66 million of 0% accelerated barrier notes due Oct. 12, 2027 linked to the lowest performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 150% of the return of the worst performing index.
If any index falls but each index finishes at or above the 70% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated barrier notes
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Underlying indexes: | S&P 500 index, Dow Jones industrial average
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Amount: | $1,660,000
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Maturity: | Oct. 12, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus 150% of the return of the worst performing index; if any index falls but all indexes finish at or above the knock-in level, par; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
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Initial index levels: | 4363.55 for S&P, 34416.99 for Dow
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Knock-in levels: | 3054.485 for S&P, 24091.893 for Dow; 70% of initial levels
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Pricing date: | Oct. 6, 2021
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Settlement date: | Oct. 12, 2021
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22552XWU3
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