New Issue: Credit Suisse sells $1.45 million buffered accelerated return notes on S&P, Dow

By Kiku Steinfeld

Chicago, Oct. 17 – Credit Suisse AG, London Branch priced $1.45 million of 0% buffered accelerated return equity securities due Feb. 23, 2024 linked to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the least-performing index return is positive, the payout at maturity will be par plus 150% of that return, capped at 25%.

Investors will receive par if the least-performing index falls by 10% or less and will lose 1% for every 1% of its decline beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered accelerated return equity securities
Underlying indexes:	S&P 500, Dow Jones industrial average
Amount:	$1,446,000
Maturity:	Feb. 23, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return of least-performing index is positive, par plus 150% of that return, capped at 25%; par if least-performing index declines by 10% or less; 1% loss for every 1% that least-performing index declines beyond 10%
Initial index levels:	4348.87 for S&P, 34079.18 for Dow
Buffer levels:	3913.983 for S&P, 30671.262 for Dow; 90% of initial levels
Pricing date:	Feb. 18, 2022
Settlement date:	Feb. 24, 2022
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.45%
Cusip:	22553PGX1

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.