Published on 6/30/2023 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $659,000 buffered accelerated return securities on S&P
Chicago, June 30 – Credit Suisse AG, London Branch priced $659,000 of 0% buffered accelerated return equity securities due July 1, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 175% of the index return, capped at par plus 74%.
Investors will receive par if the index falls by 20% or less and will lose 1% for every 1% decline beyond 20%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered accelerated return equity securities
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Underlying index: | S&P 500 index
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Amount: | $659,000
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Maturity: | July 1, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 175% of index return, capped at par plus 74%; par if index declines by 20% or less; 1% loss for every 1% index declines beyond 20%
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Initial index level: | 3825.33
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Buffer level: | 3060.264; 80% of initial level
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Pricing date: | July 1, 2022
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Settlement date: | July 7, 2022
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.25%
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Cusip: | 22553Q4K0
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