Published on 12/5/2020 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $234,000 accelerated barrier notes on indexes
By Taylor Fox
New York, Dec. 7 – Credit Suisse AG, London Branch priced $234,000 of 0% accelerated barrier notes due Nov. 28, 2025 linked to the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 130% of the return of the worst performing index.
If any index falls but each index finishes at or above the 60% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing index.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated barrier notes
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Underlying indexes: | S&P 500, Nasdaq-100 and Russell 2000 index
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Amount: | $234,000
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Maturity: | Nov. 28, 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 130% of the return of the worst performing index; if any index falls but all indexes finish at or above the knock-in level, par; otherwise, investors will be fully exposed to the decline of the worst performing index
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Initial index levels: | 3,635.41 for S&P, 1,853.532 for Russell and 12,079.81 for Nasdaq
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Knock-in levels: | 2,181.246 for S&P, 1,112.1192 for Russell and 7,247.886 for Nasdaq, 60% of initial levels
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Pricing date: | Nov. 24
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Settlement date: | Nov. 30
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.125%
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Cusip: | 22552WSN6
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