Published on 9/9/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $21.87 million 3.56% autocallable coupon buffered notes tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Sept. 9 – Credit Suisse AG, London Branch priced $21.87 million of 3.56% autocallable coupon buffered securities due Sept. 3, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable semiannually.
The notes will be called at par plus the semiannual coupon if the index closes at or above the initial level on any semiannual call date after one year.
The payout at maturity will be par unless the index closes below the 80% buffer level, in which case investors will lose 1.25% for each 1% loss beyond 20%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Autocallable coupon buffered notes
|
Underlying index: | S&P 500
|
Amount: | $21,871,000
|
Maturity: | Sept. 3, 2025
|
Coupon: | 3.56% annualized, payable semiannually
|
Price: | Par
|
Payout at maturity: | If index finishes at or above 80% buffer level, par; otherwise, 1.25% loss for each 1% decline beyond 20%
|
Call: | At par plus semiannual coupon if index closes at or above initial level on any semiannual call date after one year
|
Initial level: | 4,522.68
|
Buffer level: | 3,618.144, 80% of initial level
|
Pricing date: | Aug. 31
|
Settlement date: | Sept. 3
|
Agent: | Credit Suisse Securities (USA) LLC
|
Fees: | 0%
|
Cusip: | 22552XT52
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.