Published on 6/8/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $235,000 absolute return barrier securities on Nasdaq
Chicago, June 8 – Credit Suisse AG, London Branch priced $235,000 of 0% absolute return barrier securities due Nov. 29, 2024 linked to the performance of the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus the gain, capped at par plus 27%.
If the index declines but finishes at or above the 80% barrier level, the payout will be par plus the absolute value of the return. Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Absolute return barrier securities
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Underlying index: | Nasdaq-100 index
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Amount: | $235,000
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Maturity: | Nov. 29, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index gains, par plus return, capped at par plus 27%; if the index declines but finishes at or above barrier level, par plus the absolute value of the return; otherwise, full exposure to decline
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Initial level: | 16367.81
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Barrier level: | 13094.248; 80% of initial levels
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Pricing date: | Nov. 24, 2021
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Settlement date: | Nov. 30, 2021
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 2.5%
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Cusip: | 22553P3H0
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