Published on 9/7/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $195,000 accelerated barrier notes on Nasdaq, S&P, Russell
By William Gullotti
Buffalo, N.Y., Sept. 7 – Credit Suisse AG, London Branch priced $195,000 of 0% accelerated barrier notes due June 30, 2026 linked to the Nasdaq-100 index, the S&P 500 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 128% of the return of the worst performing index.
If any index falls but each index finishes at or above the 70% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level.
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 index, Russell 2000 index, Nasdaq-100 index
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Amount: | $195,000
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Maturity: | June 30, 2026
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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 128% 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 from its initial level
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Initial index levels: | 4,280.7 for S&P, 2,334.396 for Russell, 14,345.18 for Nasdaq
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Knock-in levels: | 2,996.49 for S&P, 1,634.0772 for Russell, 10,041.626 for Nasdaq; 70% of initial levels
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Pricing date: | June 25
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Settlement date: | June 30
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 4%
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Cusip: | 22552XMC4
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