Published on 7/28/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $5.09 million trigger callable yield notes linked to Russell, Nasdaq
By Wendy Van Sickle
Columbus, Ohio, July 28 – Credit Suisse AG, London branch priced $5.09 million of 4.1% trigger callable yield notes due Sept. 8, 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 index’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 and Nasdaq-100 index
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Amount: | $5,091,000
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Maturity: | Sept. 8, 2022
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Coupon: | 4.1%, payable monthly
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Price: | Par of $10
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Call option: | At par on any monthly call date after three months
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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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Initial levels: | 13,675.79 for Nasdaq, 2,297.834 for Russell
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Downside threshold levels: | 8,205.47 for Nasdaq, 1,378.7 for Russell; 60% of initial levels
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Pricing date: | June 2
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Settlement date: | June 4
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Agent: | UBS Financial Services Inc.
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Fees: | 1%
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Cusip: | 22552Y234
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