Published on 10/8/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $4.09 million trigger securities on S&P 500
By William Gullotti
Buffalo, N.Y., Oct. 8 – Credit Suisse AG, London Branch priced $4.09 million of 0% trigger securities due Sept. 30, 2026 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus the return.
If the index return declines but finishes above 70% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index.
UBS Financial Services Inc. is the distributor.
Issuer: | Credit Suisse AG, London branch
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Issue: | Trigger securities
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Underlying index: | S&P 500
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Amount: | $4,089,000
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Maturity: | Sept. 30, 2026
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus any index gain; par if final level of index declines but finishes above downside threshold; otherwise, full exposure to index decline
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Initial level: | 4,443.11
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Knock-in level: | 3,110.18; 70% of initial level
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Pricing date: | Sept. 27
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Settlement date: | Sept. 30
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Distributor: | UBS Financial Services Inc.
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Fees: | 3.5%
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Cusip: | 22551G200
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