Published on 8/3/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $2.01 million CS notes linked to S&P 500
By William Gullotti
Buffalo, N.Y., Aug. 3 – Credit Suisse AG, London Branch priced $2.01 million of 0% CS notes due Feb. 4, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.58 times the return, subject to a maximum payout of par plus 34.25%.
Otherwise, investors will receive par.
Credit Suisse Securities (USA) LLC is the agent with Citigroup Global Markets Inc. as placement agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | CS notes
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Underlying index: | S&P 500 index
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Amount: | $2.01 million
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Maturity: | Feb. 4, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above initial level, par plus 1.58 times the return, capped at par plus 34.25%; otherwise, par
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Initial level: | 4,072.43
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Pricing date: | July 28
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Settlement date: | Aug. 4
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Agent: | Credit Suisse Securities (USA) LLC with Citigroup Global Markets Inc. as placement agent
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Fees: | 2.5%
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Cusip: | 22553QDQ7
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