Published on 6/6/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $8.27 million buffered PLUS tied to Nasdaq-100
By Wendy Van Sickle
Columbus, Ohio, June 6 – Credit Suisse AG, London Branch priced $8.27 million of 0% buffered Performance Leveraged Upside Securities due Dec. 5, 2024 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 200% of the index return, up to $13.185 per $10 PLUS. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Smith Barney LLC as distributor.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Buffered Performance Leveraged Upside Securities
|
Underlying index: | Nasdaq-100 index
|
Amount: | $8,268,830
|
Maturity: | Dec. 5, 2024
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If the index return is positive, the payout at maturity will be par plus 200% of the index return, capped at 31.85%; investors will receive par if the index declines by 10% or less; otherwise, 1% loss for every 1% decline beyond 10%.
|
Initial level: | 12,642.1
|
Buffer level: | 11,377.89; 90% of initial level
|
Pricing date: | May 31
|
Settlement date: | June 3
|
Agents: | Credit Suisse Securities (USA) LLC with Morgan Stanley Smith Barney LLC as distributor
|
Fees: | 3%
|
Cusip: | 22552J633
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.