Chicago, April 16 – Credit Suisse AG, London Branch sold $4.77 million of autocallable securities due March 16, 2023 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission
The notes will be called if the index finishes above its initial level on March 21, 2022 at par of $10 plus an early redemption premium of 11.75%.
If the notes are not called, investors will receive par plus 120% of the return of the index at maturity if the index finishes above its initial level.
If the index declines but still finishes above 80% of its initial level, the payout will be par.
Otherwise, investors will fully participate in the losses of the index.
The agent is Credit Suisse Securities (USA) LLC.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Autocallable securities
|
| Underlying index: | Russell 2000 index
|
| Amount: | $4,769,790
|
| Maturity: | March 16, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If index finishes above initial level, par plus 1.2 times the return of the index; par if index declines but finishes above downside threshold level; otherwise, 1% loss for each 1% decline of index from initial level
|
| Call: | Automatically at par plus 11.75% premium if index closes above initial level on March 21, 2022
|
| Initial level: | 2,352.789
|
| Downside threshold level: | 1,882.231, 80% of initial level
|
| Pricing date: | March 12
|
| Settlement date: | March 17
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 2.5%
|
| Cusip: | 22551F582
|
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