Published on 3/25/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $1.67 million autocallable coupon buffered notes on four indexes
Chicago, March 25 – Credit Suisse AG, London Branch priced $1.67 million 7.1% autocallable coupon buffered securities due Feb. 8, 2022 linked to the lowest performing of the S&P 500 index, the Russell 2000 index, the Nasdaq-100 index and the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes will be automatically called at par if each index closes at or above its initial level on Aug. 2 or Oct. 29.
The payout at maturity will be par unless any index’s final level is less than 80% of its initial level, in which case investors will lose 1.25% for each 1% that the least-performing index declines beyond 20%.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Autocallable coupon buffered notes
|
| Underlying indexes: | S&P 500 index, the Russell 2000 index, the Nasdaq-100 index and the Nikkei 225 index
|
| Amount: | $1,670,000
|
| Maturity: | Feb. 8, 2022
|
| Coupon: | 7.1%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless any index’s final level is less than 80% of its initial level, in which case 1.25% loss for each 1% that least-performing index declines beyond 20%
|
| Call: | Automatically at par if each index closes at or above initial level on Aug. 2 or Oct. 29
|
| Initial levels: | 3714.24 for S&P 500, 2073.641 for Russell 2000, 12925.38 for Nasdaq and 28091.05 for Nikkei
|
| Buffer levels: | 2971.392 for S&P 500, 1658.9128 for Russell, 10340.304 for Nasdaq and 22472.84 for Nikkei; 80% of initial levels
|
| Pricing date: | Feb. 1
|
| Settlement date: | Feb. 8
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0%
|
| Cusip: | 22552XAW3
|
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