Published on 9/12/2023 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $363,000 autocallable CS notes on S&P, Russell
Chicago, Sept. 12 – Credit Suisse AG, London Branch priced $363,000 of 0% autocallable CS notes due Aug. 29, 2025 linked to the lowest performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes may be automatically called at par plus a 4.75% annual call premium if both indexes close above their initial levels on either annual autocall observation date.
If each index finishes at or above its initial level, the payout at maturity will be par plus 14.25%.
Otherwise, investors will receive par.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Autocallable CS notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index
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| Amount: | $363,000
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| Maturity: | Aug. 29, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, par plus 14.25%; otherwise, par
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| Call: | Par plus 4.75% annual call premium if both indexes close above initial levels on either annual autocall observation dates
|
| Initial index levels: | 4057.66 for S&P, 1899.83 for Russell
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| Pricing date: | Aug. 26, 2022
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| Settlement date: | Aug. 31, 2022
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | 2.25%
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| Cusip: | 22553QFJ1
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