Published on 12/9/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $8.51 million digital plus barrier notes linked to Dow, S&P
By William Gullotti
Buffalo, N.Y., Dec. 9 – Credit Suisse AG, London Branch priced $8.51 million of 0% digital plus barrier notes due June 8, 2027 linked to the lowest performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its 70% knock-in level, the payout at maturity will be par plus the greater of any gain of the laggard index and 25.75%.
Otherwise, the payout will be par plus the return of the least performing index with full exposure to the decline.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Digital plus barrier notes
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Underlying indexes: | S&P 500 index, Dow Jones industrial average
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Amount: | $8,505,000
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Maturity: | June 8, 2027
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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 knock-in level, par plus greater of return of laggard index and 25.75%; otherwise, par plus the return of the least performing index with full exposure to the decline
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Initial levels: | 4,538.43 for S&P, 34,580.08 for Dow
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Knock-in levels: | 3,176.901 for S&P, 24,206.056 for Dow; 70% of initial levels
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Pricing date: | Dec. 3
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Settlement date: | Dec. 8
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22553PAW9
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