Published on 4/8/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $4.99 million buffered accelerated return equity securities on MSCI EAFE
By Wendy Van Sickle
Columbus, Ohio, April 8 – Credit Suisse AG, London Branch priced $4.99 million of 0% buffered accelerated return equity securities due Feb. 8, 2024 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above its initial level, the payout at maturity will be par plus 1.25 times the return of the index, capped at 26.25%.
Investors will receive par if the index falls by 15% or less and will lose 1% for every 1% that the index declines beyond 15%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered accelerated return equity securities
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Underlying index: | MSCI EAFE
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Amount: | $4,986,000
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Maturity: | Feb. 8, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index closes at or above its initial level, the payout at maturity will be par plus 1.25 times the return of the index, capped at 26.25%; investors will receive par if index falls by 15% or less and will lose 1% for every 1% that the index declines beyond 15%
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Initial level: | 2,176.49
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Buffer level: | 1,850.0165; 85% of initial level
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Pricing date: | April 5
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Settlement date: | April 8
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22553PR27
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