Published on 5/10/2023 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $40,000 CS notes linked to S&P 500
By Kiku Steinfeld
Chicago, May 10 – Credit Suisse AG, London Branch priced $40,000 of 0% CS notes due Oct. 3, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus any positive return of the index.
Otherwise, investors will receive par.
Credit Suisse Securities (USA) LLC is the 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: | $40,000
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Maturity: | Oct. 3, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; otherwise, par
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Initial level: | 3839.50
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Pricing date: | Dec. 30, 2022
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Settlement date: | Jan. 5, 2023
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.25%
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Cusip: | 22553QPB7
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