Published on 6/8/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $2 million CS notes linked to equally-weighted index basket
By William Gullotti
Buffalo, N.Y., June 8 – Credit Suisse AG, London Branch priced $2 million of 0% CS notes due June 3, 2026 linked to an equally-weighted index basket, according to a 424B2 filing with the Securities and Exchange.
The basket consists of the Russell 2000 index, the Dow Jones industrial average and the S&P 500 index.
If the basket finishes at or above its initial level, the payout at maturity will be par plus the return capped at 37.1%.
Otherwise, investors will receive par.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | CS notes
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Underlying indexes: | Russell 2000 index, Dow Jones industrial average, S&P 500 index; equal weights
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Amount: | $2 million
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Maturity: | June 3, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket finishes at or above initial level, par plus the basket return capped at 37.1%; otherwise, par
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Initial levels: | 1,864.043 for Russell, 32,990.12 for Dow, 4,132.15 for S&P
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Pricing date: | May 31
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Settlement date: | June 3
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.6%
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Cusip: | 22553Q2R7
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