Published on 12/30/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $6.22 million trigger step securities on index basket
By William Gullotti
Buffalo, N.Y., Dec. 30 – Credit Suisse AG, London Branch priced $6.22 million of 0% trigger step securities due Dec. 18, 2026 linked to an unequally weighted basket consisting of the Euro Stoxx 50 index (40% weight), the Nikkei 225 index (25% weight), FTSE 100 (17.5% weight), the Swiss Market index (10% weight) and the S&P/ASX 200 index (7.5% weight), according to a 424B2 filing with the Securities and Exchange Commission.
If the basket return is zero or positive, the payout at maturity will be par of $10 plus the greater of the basket return and the step return of 42.8%.
Investors will receive par if the basket declines by 25% or less and will lose 1% for each 1% decline from its initial level if the basket falls more than 25%.
UBS Financial Services Inc. is the distributor.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Trigger step securities
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| Underlying indexes: | Euro Stoxx 50 (40% weight), Nikkei 225 (25% weight), FTSE 100 (17.5% weight), Swiss Market (10% weight), S&P/ASX 200 (7.5% weight)
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| Amount: | $6,219,300
|
| Maturity: | Dec. 18, 2026
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If basket return is zero or positive, par plus greater of 42.8% and basket return; par if basket declines by up to 25%; otherwise, 1% loss for each 1% decline from initial level
|
| Initial level: | 4,201.87 for Euro Stoxx 50, 29,066.32 for Nikkei 225, 7,260.61 for FTSE, 12,790.89 for Swiss Market, 7,295.66 for S&P/ASX 200
|
| Downside threshold: | 75% of initial level
|
| Pricing date: | Dec. 16
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| Settlement date: | Dec. 20
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| Distributor: | UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 22551G804
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