Published on 11/17/2020 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $789,000 digital barrier notes on S&P 500, Nasdaq
Chicago, Nov. 17 – Credit Suisse AG, London Branch priced $789,000 of 0% digital barrier notes due Jan. 4, 2022 linked to the lowest performing of the S&P 500 index and the Nasdaq 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 14.6%.
If the lower performing index falls by no more than 25%, the payout will be par. Otherwise, investors will lose 1% for every decline of the lesser performing index below its initial level.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Digital barrier notes
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Underlying indexes: | S&P 500 and Nasdaq-100
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Amount: | $789,000
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Maturity: | Jan. 4, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus 14.6%; if either index falls but neither falls by more than 25%, par; otherwise, full exposure to decline of lesser performing index
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Initial levels: | 3,363.00 for S&P and 11,418.06 for Nasdaq
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Knock-in levels: | 2,522.25 for S&P and 8,563.545 for Nasdaq; 75% of initial levels
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Pricing date: | Sept. 30
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Settlement date: | Oct. 5
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.75%
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Cusip: | 22552WH24
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