Published on 8/19/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $500,000 accelerated barrier notes on three indexes
By William Gullotti
Buffalo, N.Y., Aug. 19 – Credit Suisse AG, London Branch priced $500,000 of 0% accelerated barrier notes due May 16, 2029 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 finishes at or above its initial level, the payout at maturity will be par plus 155% 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.
Incapital 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, Russell 2000 index, Nasdaq-100 index
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Amount: | $500,000
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Maturity: | May 16, 2029
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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 155% 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: | 4,152.1 for S&P, 2,206.987 for Russell, 13,351.27 for Nasdaq
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Knock-in levels: | 2,491.26 for S&P, 1,324.1922 for Russell, 8,010.762 for Nasdaq; 60% of initial levels
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Pricing date: | May 11
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Settlement date: | May 14
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Agent: | Incapital LLC
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Fees: | 3.15%
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Cusip: | 22552XKZ5
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