Published on 9/2/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $717,000 accelerated barrier notes on Stoxx indexes
By Kiku Steinfeld
Chicago, Sept. 6 – Credit Suisse AG, London Branch priced $717,000 of 0% accelerated barrier securities due Jan. 26, 2028 linked to the Stoxx Europe 600 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the lowest-performing asset is greater than or equal to its initial level, the payout at maturity will be par plus 255% of the return of the lowest-performing asset.
If the final level of the lowest-performing asset is less than its initial level but each asset finishes at or above its knock-in level, 75% of its initial level, the payout at maturity will be par plus the absolute value of the return of the lowest-performing asset.
If either asset finishes below its knock-in level, investors will be fully exposed to the decline of the lowest-performing asset.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Accelerated barrier securities
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| Underlying assets: | Euro Stoxx 50 index and Stoxx Europe 600 index
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| Amount: | $717,000
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| Maturity: | Jan. 26, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of lowest-performing asset is greater than or equal initial level, par plus 255% of return of lowest-performing asset; if final level of lowest-performing asset is less than its initial level but each asset finishes at or above knock-in level, par plus absolute value of return of lowest-performing asset; if either asset finishes below its knock-in level, full exposure to decline of lowest-performing asset
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| Initial values: | 4229.56 for Stoxx 50, 474.44 for Stoxx Europe
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| Knock-in levels: | 3172.17 for Stoxx 50, 355.83 for Stoxx Europe; 75% of initial levels
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| Pricing date: | Jan. 21, 2022
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| Settlement date: | Jan. 26, 2022
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | 3.25%
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| Cusip: | 22553PFD6
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