Published on 6/17/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1 million capped notes tied to stock basket
By Wendy Van Sickle
Columbus, Ohio, June 17 – Credit Suisse AG, London Branch priced $1 million of 0% capped notes due June 13, 2025 linked to an equally weighted basket of the stocks of AbbVie Inc., Merck & Co., Inc. and Enterprise Products Partners LP, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket return is positive, the payout at maturity will be par plus the basket return, capped at par plus 31.5%.
Otherwise, investors will receive par.
J.P. Morgan Securities LLC is the placement agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Capped notes
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Underlying basket: | Stocks of AbbVie Inc., Merck & Co., Inc. and Enterprise Products Partners LP, equal weights
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Amount: | $1 million
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Maturity: | June 13, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the basket return is positive, par plus the basket return, capped at par plus 31.5%; otherwise, par
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Initial basket level: | $145.43 for AbbVie, $88.00 for Merck, $28.12 for Enterprise
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Pricing date: | June 10
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Settlement date: | June 15
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Placement agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 22553Q5J2
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