Published on 10/2/2023 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $967,000 accelerated barrier notes on S&P, Nasdaq
Chicago, Oct. 2 – Credit Suisse AG, London Branch priced $967,000 of 0% accelerated barrier notes due Oct. 2, 2025 linked to the lowest performing of the S&P 500 index and the Nasdaq-100 index, 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 130% of the return of the worst performing index.
If any index falls but each index finishes at or above the 80% 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, Nasdaq-100 index
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Amount: | $967,000
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Maturity: | Oct. 2, 2025
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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 130% 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: | 3647.29 for S&P, 11271.75 for Nasdaq
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Knock-in levels: | 2917.832 for S&P, 9017.40 for Nasdaq; 80% of initial levels
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Pricing date: | Sept. 27, 2022
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Settlement date: | Sept. 20, 2022
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 3.2%
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Cusip: | 22553QKB2
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