Published on 1/6/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.57 million Bares on S&P 500
By William Gullotti
Buffalo, N.Y., Jan. 6 – Credit Suisse AG, London Branch priced $1.57 million of 0% Buffered Accelerated Return Equity Securities due Feb. 2, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.25 times the return of the index, capped at par plus 11%.
Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered Accelerated Return Equity Securities
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Underlying index: | S&P 500 index
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Amount: | $1,565,000
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Maturity: | Feb. 2, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above its initial level, the payout at maturity will be par plus 1.25 times the return of the index, capped at par plus 11%; investors will receive par if index falls by 10% or less and will lose 1% for every 1% that the index declines beyond 10%
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Initial level: | 4,778.73
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Buffer level: | 4,300.857; 90% of initial levels
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Pricing date: | Dec. 30
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Settlement date: | Jan. 4
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22553PE47
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