Published on 3/17/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $575,000 accelerated barrier notes on index, ETF basket
By Kiku Steinfeld
Chicago, March 17 – Credit Suisse AG, London Branch priced $575,000 of 0% accelerated barrier notes due March 5, 2026 linked to a basket containing the S&P 500 index with 70% weight and the iShares MSCI EAFE ETF with a 30% weight, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket finishes at or above its initial level, the payout at maturity will be par plus 107% of the basket return.
If the basket falls by up to 30%, the payout will be par.
Otherwise, investors will be fully exposed to the basket decline.
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 basket: | S&P 500 index (70%) and iShares MSCI EAFE ETF (30%)
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Amount: | $575,000
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Maturity: | March 5, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the basket finishes at or above its initial level, par plus 107% of the basket return; if the basket falls by up to 30%, par; otherwise, investors will be fully exposed to the basket decline
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Initial levels: | 3870.29 for S&P, $75.32 for EAFE ETF
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Knock-in level: | 70% of initial level
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Pricing date: | March 2
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Settlement date: | March 5
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.125%
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Cusip: | 22552XF32
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