Published on 4/8/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $154,000 of buffered accelerated return equity securities on ETF, index
By Kiku Steinfeld
Chicago, April 8 – Credit Suisse AG, London Branch priced $154,000 of 0% buffered accelerated return equity securities due Sept. 27, 2024 linked to the least performing of the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each asset closes at or above its initial level, the payout at maturity will be par plus 196.85% the return of the least performing asset.
Investors will receive par if the least performing asset falls by 10% or less and will lose 1% for every 1% that the worst performer declines beyond 10%.
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 assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
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Amount: | $154,000
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Maturity: | Sept. 27, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 196.85% of gain of the least performing asset; investors will receive par if the least performing asset falls by 10% or less and will lose 1% for every 1% that the worst performer declines beyond 10%
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Initial levels: | $80.3 for EAFE, 4158.51 for Stoxx
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Buffer levels: | $72.27 for EAFE, 3742.659 for Stoxx, 90% of initial levels
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Pricing date: | Sept. 24, 2021
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Settlement date: | Sept. 29, 2021
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.2%
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Cusip: | 22552XVZ3
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