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Published on 9/4/2020 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $4.74 million leveraged index-linked notes on S&P

By Kiku Steinfeld

Chicago, Sept. 4 – Credit Suisse AG, London Branch priced $4.74 million of 0% leveraged index-linked notes due Sept. 30, 2021 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, capped at $1,153.60 per $1,000 note.

Investors will lose 1% for every 1% decline.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Leveraged index-linked notes
Underlying index:S&P 500 index
Amount:$4,744,000
Maturity:Sept. 30, 2021
Coupon:0%
Price:Par
Payout at maturity:Par plus triple any index gain, capped at $1,153.60 per $1,000 note; 1% loss for every 1% decline
Initial level:3508.01
Pricing date:Aug. 28
Settlement date:Sept. 4
Agent:Credit Suisse Securities (USA) LLC
Fees:1.08%
Cusip:22552WGE9

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