Published on 10/22/2020 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $5.54 million leveraged index-linked notes on S&P
By Kiku Steinfeld
Chicago, Oct. 22 – Credit Suisse AG, London Branch priced $5.54 million of 0% leveraged index-linked notes due Nov. 23, 2021 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, capped at $1,164.10 per $1,000 note.
Investors will lose 1% for every 1% decline.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Leveraged index-linked notes
|
Underlying index: | S&P 500 index
|
Amount: | $5,537,000
|
Maturity: | Nov. 23, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus triple any index gain, capped at $1,164.10 per $1,000 note; 1% loss for every 1% decline
|
Initial level: | 3534.22
|
Pricing date: | Oct. 12
|
Settlement date: | Oct. 19
|
Agent: | Credit Suisse Securities (USA) LLC
|
Fees: | 1.08%
|
Cusip: | 22552WPJ8
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.