Published on 6/20/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $1.87 million trigger gears tied to S&P 500
By Marisa Wong
Los Angeles, June 21 – Credit Suisse AG, London Branch priced $1.87 million of 0% trigger gears due March 28, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.09 times any index gain.
Investors will receive par if the index declines by 25% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 25%.
Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Trigger gears
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Underlying index: | S&P 500 index
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Amount: | $1,866,500
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Maturity: | March 28, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.09 times any index gain; par if index declines by 25% or less; full exposure to the index’s decline from its initial level if it declines by more than 25%
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Initial level: | 3,974.54
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Downside threshold: | 2,980.91, 75% of initial level
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Pricing date: | March 26
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Settlement date: | March 31
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Agents: | Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
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Fees: | None
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Cusip: | 22551F699
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