Published on 6/17/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $7.32 million digital plus buffered notes linked to index basket
By William Gullotti
Buffalo, N.Y., June 17 – Credit Suisse AG, London Branch priced $7.32 million of 0% digital plus buffered notes due June 18, 2025 linked to a weighted 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 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with a 12% weight and the S&P/ASX 200 index with a 9% weight.
If the basket finishes flat or gains, the payout at maturity will be par plus the greater of the basket return and 34.75%.
Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Digital plus buffered notes
|
| Underlying indexes: | Euro Stoxx 50 index (36% weight), Topix index (26% weight), FTSE 100 index (17% weight), Swiss Market index (12% weight), S&P/ASX 200 index (9% weight)
|
| Amount: | $7,319,000
|
| Maturity: | June 18, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket finishes flat or positive, par plus the greater of the basket return and 34.75%; par if the basket falls by up to 15%; otherwise, 1.1765% loss for each 1% decline beyond 15%
|
| Initial levels: | 3,475.18 for Stoxx, 1,878.45 for Topix, 7,187.46 for FTSE, 10,699.07 for Swiss Market, 6,686.027 for S&P/ASX
|
| Buffer level: | 85% of initial basket level
|
| Pricing date: | June 14
|
| Settlement date: | June 22
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 2.6%
|
| Cusip: | 22553PYV5
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
