Published on 11/5/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $2.26 million digital barrier notes on Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Nov. 5 – Credit Suisse AG, London Branch priced $2.26 million of 0% digital barrier notes due Nov. 9, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 10%.
If the index falls by no more than 25%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the index from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Digital barrier notes
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Underlying asset: | Russell 2000 index
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Amount: | $2.26 million
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Maturity: | Nov. 9, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above its initial level, par plus 10%; if index falls but not by more than 25%, par; otherwise, full exposure to decline
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Initial level: | 2,361.855
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Threshold level: | 1,771.39125; 75% of initial level
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Pricing date: | Nov. 2
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Settlement date: | Nov. 5
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0%
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Cusip: | 22552XZW6
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