Published on 4/20/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $470,000 digital barrier notes on S&P 500, Nasdaq
By Wendy Van Sickle
Columbus, Ohio, April 20 – Credit Suisse AG, London Branch priced $470,000 of 0% digital barrier notes due April 5, 2023 linked to the lowest performing of the S&P 500 index and the Nasdaq 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 20%.
If the lower performing index falls by no more than 30%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the lesser performing index below its initial level.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Digital barrier notes
|
Underlying indexes: | S&P 500 and Nasdaq-100
|
Amount: | $470,000
|
Maturity: | April 5, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index finishes at or above its initial level, par plus 20%; if either index falls but neither falls by more than 30%, par; otherwise, full exposure to decline of lesser performing index
|
Initial levels: | 3,972.89 for S&P and 13,091.44 for Nasdaq
|
Threshold levels: | 2,781.023 for S&P and 9,164.008 for Nasdaq; 70% of initial levels
|
Pricing date: | March 31
|
Settlement date: | April 5
|
Agent: | Credit Suisse Securities (USA) LLC
|
Fees: | 0.8%
|
Cusip: | 22552XEU3
|
|
© 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.