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Published on 6/29/2022 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $5.25 million digital buffered notes on Euro Stoxx 50

By William Gullotti

Buffalo, N.Y., June 29 – Credit Suisse AG, London Branch priced $5.25 million 0% digital buffered notes due Dec. 8, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 85% of its initial level, the payout at maturity will be par plus 17%.

Otherwise, investors will lose 1.1765% for each 1% decline beyond the 15% buffer.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Digital buffered notes
Underlying index:Euro Stoxx 50 index
Amount:$5,247,000
Maturity:Dec. 8, 2023
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above buffer level, par plus 17%; otherwise, 1.1765% loss for each 1% drop beyond buffer
Initial level:3,436.29
Buffer level:85% of initial level
Pricing date:June 23
Settlement date:June 30
Agent:Credit Suisse Securities (USA) LLC
Fees:None
Cusip:22553Q6Y8

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