Published on 7/26/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $13.06 million trigger jump securities on FTSE 100
Chicago, July 26 – Credit Suisse AG, London Branch priced $13.06 million of 0% trigger jump securities due July 23, 2026 linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be the greater of par plus the index return and par plus 49%.
The payout will be par if the index declines by 20% or less. If the index declines by more than 20%, investors will lose 1% for each 1% decline from the initial level.
Credit Suisse Securities (USA) LLC is the agent, with Morgan Stanley Smith Barney LLC handling distribution.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Trigger jump securities
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Underlying index: | FTSE 100 index
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Amount: | $13,061,820
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Maturity: | July 23, 2026
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the index return is zero or positive, the greater of par plus the index return and par plus 49%; if the index declines by 20% or less, par; otherwise, 1% loss for each 1% decline from the initial level
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Initial level: | 6,881.13
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Trigger level: | 5,504.90; 80% of initial level
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Pricing date: | July 20
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Settlement date: | July 23
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Underwriter: | Credit Suisse Securities (USA) LLC
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Distribution: | Morgan Stanley Smith Barney LLC
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Fees: | 3.5%
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Cusip: | 22552Y499
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