Published on 1/26/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $4.61 million autocallable basket-linked notes on indexes
Chicago, Jan. 26 – Credit Suisse AG, London Branch priced $4.61 million of 0% autocallable notes due Jan. 24, 2025 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with an 11% weight and the S&P/ASX 200 index with an 8% weight.
Annually, the notes are callable at par plus an annual premium of 8.5% if the basket finishes above its initial level on the related call observation date.
At maturity, if the notes have not been called and the basket return is positive, the payout at maturity will be par plus the 25.5% maturity date premium.
Investors will share in any losses.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Autocallable basket-linked notes
|
| Underlying indexes: | Euro Stoxx 50 (36% weight), Topix (29% weight), FTSE 100 (16% weight), Swiss Market (11% weight) and S&P/ASX 200 (8% weight)
|
| Amount: | $4,605,000
|
| Maturity: | Jan. 24, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 25.5% maturity date premium; otherwise, full exposure to losses
|
| Call: | At par plus annual premium of 8.5% if basket return is above initial level on related annual call observation date
|
| Initial levels: | 4,299.61 for Euro Stoxx, 1,938.53 for Topix, 7,585.01 for FTSE, 12,560.70 for Swiss Market and 7,342.386 for S&P/ASX
|
| Pricing date: | Jan. 20
|
| Settlement date: | Jan. 27
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 3.4%
|
| Cusip: | 22553PFT1
|
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