Published on 8/30/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $10.54 million trigger callable yield notes linked to Russell, Nasdaq
By Wendy Van Sickle
Columbus, Ohio, Aug. 30 – Credit Suisse AG, London branch priced $10.54 million of 4.7% trigger callable yield notes due Nov. 30, 2022 linked to the Russell 2000 index and 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 of $10 on any monthly coupon payment date after three months.
The payout at maturity will be par unless the lowest performing index finishes below its 60% downside threshold level, in which case investors will be fully exposed to the worst performer’s decline.
UBS Financial Services Inc. is the agent.
Issuer: | Credit Suisse AG, London branch
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Issue: | Trigger callable yield notes
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Underlying indexes: | Russell 2000 index, Nasdaq-100 index
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Amount: | $10,536,090
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Maturity: | Nov. 30, 2022
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Coupon: | 4.7%, payable monthly
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Price: | Par of $10
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Payout at maturity: | If the lowest performing index finishes at or above downside threshold level, par; otherwise, full exposure to losses of lowest performing index
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Call option: | At par on any monthly call date after three months
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Initial levels: | 15,368.92 for Nasdaq, 2,239.269 for Russell
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Downside threshold levels: | 9,221.35 for Nasdaq, 1,343.561 for Russell; 60% of initial levels
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Pricing date: | Aug. 25
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Settlement date: | Aug. 30
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Agent: | UBS Financial Services Inc.
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Fees: | 1%
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Cusip: | 22552Y796
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