Published on 5/18/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $1.06 million accelerated barrier notes on S&P 500
Chicago, May 18 – Credit Suisse AG, London Branch priced $1.06 million of 0% accelerated barrier notes due Oct. 29, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 200% of the index return, capped at par plus 55%.
If the index falls by up to 30%, the payout will be par.
Otherwise, investors will be fully exposed to index’s decline from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated barrier notes
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Underlying index: | S&P 500 index
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Amount: | $1,055,000
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Maturity: | Oct. 29, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above its initial level, par plus 200% of the index return, capped at par plus 55%; if the index falls by up to 30%, par; otherwise, investors will lose 1% for every 1% of index decline from initial level
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Initial level: | 4566.48
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Knock-in level: | 3196.536; 70% of initial level
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Pricing date: | Oct. 25, 2021
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Settlement date: | Oct. 28, 2021
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.75%
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Cusip: | 22552XZD8
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