Published on 11/18/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $7 million digital plus barrier notes linked to indexes, EAFE ETF
By William Gullotti
Buffalo, N.Y., Nov. 18 – Credit Suisse AG, London Branch priced $7 million of 0% digital plus barrier notes due Nov. 19, 2026 linked to the lowest performing of the S&P 500 index, the Nasdaq-100 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If all underliers finish at or above knock-in level, 70% of initial level, the payout at maturity will be the greater of par plus the return of the laggard underlier and par plus 57%.
Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Digital plus barrier notes
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Underlying assets: | S&P 500 index, Nasdaq-100 index, iShares MSCI EAFE ETF
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Amount: | $7 million
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Maturity: | Nov. 19, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each underlier finishes at or above knock-in level, the greater of par plus the return of the laggard underlier and par plus 57%; otherwise, lose 1% for every 1% decline of the worst performer from its initial level
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Initial levels: | $81.23 for ETF, 4,682.8 for S&P, 16,189.12 for Nasdaq
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Knock-in levels: | $56.861 for ETF, 3,277.96 for S&P, 11,332.384 for Nasdaq; 70% of initial levels
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Pricing date: | Nov. 15
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Settlement date: | Nov. 18
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22553P3Y3
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