Published on 12/20/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $2.32 million trigger gears tied to the S&P 500
By William Gullotti
Buffalo, N.Y., Dec. 20 – Credit Suisse AG, London Branch priced $2.32 million of 0% trigger gears due Dec. 18, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.2225 times any index gain.
Investors will receive par if the index declines by 25% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 25%.
Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Trigger gears
|
Underlying index: | S&P 500 index
|
Amount: | $2,316,890
|
Maturity: | Dec. 18, 2026
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 1.2225 times any index gain; par if index declines by 25% or less; full exposure to the index’s decline from its initial level if it declines by more than 25%
|
Initial level: | 4,709.85
|
Downside threshold: | 3,532.39; 75% of initial level
|
Pricing date: | Dec. 15
|
Settlement date: | Dec. 20
|
Agents: | Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
|
Fees: | None
|
Cusip: | 22551G770
|
|
© 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.