Published on 4/24/2023 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $10,000 buffered return equity securities linked to Euro Stoxx
By Angela McDaniels
Tacoma, Wash., April 24 – Credit Suisse AG, London Branch priced $10,000 of 0% buffered return equity securities due June 5, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a cap of 90%. Investors will receive par if the index declines by 25% or less and will lose 1% for every 1% that the index declines beyond 25%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered return equity securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $10,000
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Maturity: | June 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than initial index level, par plus index return, subject to cap of 90%; par if index declines by 25% or less; 1% loss for every 1% that index declines beyond 25%
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Initial index level: | 3,789.21
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Buffer level: | 2,841.9075, or 75% of initial level
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Pricing date: | May 31, 2022
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Settlement date: | June 3, 2022
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.75%
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Cusip: | 22553PVQ9
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