Published on 1/19/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $17.25 million leveraged buffered notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Jan. 19 – Credit Suisse AG, London Branch priced $17.25 million of 0% leveraged buffered index-linked notes due April 16, 2024 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 130% of any index gain, up to a maximum settlement amount of $1,247.91 per $1,000 principal amount of notes.
Investors will receive par if the index finishes flat or falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Leveraged buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $17.25 million
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| Maturity: | April 16, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 130% of any index gain, capped at par plus 24.791%; par if index finishes flat or falls by up to 15%; otherwise, 1.1765% loss for each 1% decline beyond 15%
|
| Initial index level: | 4,659.03
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| Buffer level: | 85% of initial level
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| Pricing date: | Jan. 13
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| Settlement date: | Jan. 21
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | None
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| Cusip: | 22553PEN5
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