Published on 3/29/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $14.09 million trigger callable yield notes on Nasdaq-100
By Wendy Van Sickle
Columbus, Ohio, March 29 – Credit Suisse AG, London Branch priced $14.09 million of 4.74% trigger callable yield notes due July 29, 2022 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes are callable at par on any coupon payment date after three months.
The payout at maturity will be par of $10 unless the index finishes below its 60% downside threshold level, in which case investors will lose 1% for each 1% decline of the index.
UBS Financial Services Inc. is acting as distributor.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Trigger callable yield notes
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Underlying index: | Nasdaq-100 index
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Amount: | $14,091,000
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Maturity: | July 29, 2022
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Coupon: | 4.74% per year, payable monthly
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Price: | Par of $10
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Payout at maturity: | Par unless index finishes below downside threshold, in which case 1% loss for each 1% decline of index
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Call option: | At par on any coupon date after three months
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Initial level: | 12,798.88
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Downside threshold: | 7,679.33; 60% of initial level
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Pricing date: | March 24
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Settlement date: | March 29
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Distributor: | UBS Financial Services Inc.
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Fees: | 1%
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Cusip: | 22551F731
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