Published on 9/25/2023 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $557,000 buffered accelerated return notes on indexes
Chicago, Sept. 25 – Credit Suisse AG, London Branch priced $557,000 of 0% buffered accelerated return equity securities due Sept. 23, 2027 linked to the lowest performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index return is positive, the payout at maturity will be par plus 162% of the return of the lesser-performing index.
Investors will receive par if either index falls by 15% or less and will lose 1% for every 1% that the lesser-performing index declines beyond 15%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered accelerated return equity securities
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Underlying indexes: | S&P 500 index, Russell 2000 index and Nasdaq-100 index
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Amount: | $557,000
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Maturity: | Sept. 23, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index return is positive, par plus 162% of return of lesser-performing index; par if each index declines by 15% or less; 1% loss for every 1% that lesser-performing index declines beyond 15%
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Initial levels: | 11851.54 for Nasdaq, 1787.504 for Russell, 3855.93 for S&P
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Buffer levels: | 10073.809 for Nasdaq, 1519.3784 for Russell, 3277.5405 for S&P; 85% of initial levels
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Pricing date: | Sept. 20, 2022
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Settlement date: | Sept. 23, 2022
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 0.85%
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Cusip: | 22553QM20
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