New Issue: Credit Suisse sells $551,000 buffered accelerated return equity securities on Russell

Chicago, Aug. 22 – Credit Suisse AG, London Branch priced $551,000 of 0% buffered accelerated return equity securities due Aug. 15, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above its initial level, the payout at maturity will be par plus 116% of the return of the index.

Investors will receive par if the index falls by 5% or less and will lose 1% for every 1% that the index declines beyond 5%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered accelerated return equity securities
Underlying index:	Russell 2000
Amount:	$551,000
Maturity:	Aug. 15, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index closes at or above its initial level, the payout at maturity will be par plus 1.16 times the return of the index; investors will receive par if index falls by 5% or less and will lose 1% for every 1% that the index declines beyond 5%
Initial level:	2016.616
Buffer level:	1915.7852; 95% of initial level
Pricing date:	Aug. 12, 2022
Settlement date:	Aug. 17, 2022
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.2%
Cusip:	22553QFQ5

© 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.