Published on 5/23/2023 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $250,000 autocallable buffered return notes linked to Russell
Chicago, May 23 – Credit Suisse AG, London Branch priced $250,000 of 0% autocallable buffered return equity securities due June 30, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 11.5% if the underlying index closes above its initial level on July 5, 2023.
If the notes are not called, the payout at maturity will be par plus the index return if the index return is positive.
Investors will receive par if the index falls by up to 25% and will be exposed to any losses beyond the 25% buffer.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Autocallable buffered return equity securities
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Underlying index: | Russell 2000 index
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Amount: | $250,000
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Maturity: | June 30, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus index return if flat or positive; par if index falls up to 25%; exposure to losses beyond 25%
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Call: | At par plus 11.5% if the index closes above initial level on July 5, 2023
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Initial level: | 1738.841
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Buffer level: | 1304.13075, 75% of initial level
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Pricing date: | June 28, 2022
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Settlement date: | June 30, 2022
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 4%
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Cusip: | 22553Q6F9
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