Published on 8/17/2023 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $190,000 buffered accelerated return notes on S&P, Dow
Chicago, Aug. 17 – Credit Suisse AG, London Branch priced $190,000 of 0% buffered accelerated return equity securities due July 29, 2026 linked to the lowest performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the least-performing index return is positive, the payout at maturity will be par plus 148% of that return.
Investors will receive par if the least-performing index falls by 20% or less and will lose 1.25% for every 1% of its 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 indexes: | S&P 500 index, Dow Jones industrial average
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Amount: | $190,000
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Maturity: | July 29, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return of least-performing index is positive, par plus 148% of that return; par if least-performing index declines by 20% or less; 1.25% loss for every 1% that least-performing index declines beyond 20%
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Initial index levels: | 3961.63 for S&P, 31899.29 for Dow
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Buffer levels: | 3169.304 for S&P, 25519.432 for Dow; 80% of initial levels
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Pricing date: | July 22, 2022
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Settlement date: | July 29, 2022
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.25%
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Cusip: | 22553QE94
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