Published on 12/18/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $341,000 accelerated return securities on Invesco DB Oil
By Kiku Steinfeld
Chicago, Dec. 19 – Credit Suisse AG, London Branch priced $341,000 of 0% accelerated return securities due May 25, 2023 linked to the Invesco DB Oil fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, capped at par plus 64.5%. Investors will be exposed to any fund decline.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated return securities
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Underlying fund: | Invesco DB Oil fund
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Amount: | $341,000
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Maturity: | May 25, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any fund gain, capped at par plus 64.5%; full exposure to any fund decline
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Initial fund level: | $18.14
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Pricing date: | April 20
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Settlement date: | April 25
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.93%
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Cusip: | 22553PS67
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