Published on 1/27/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $6.23 million 7% yield notes on S&P, Dow, Nasdaq
By William Gullotti
Buffalo, N.Y., Jan. 27 – Credit Suisse AG, London Branch, priced $6.23 million of 7% yield notes due Jan. 29, 2024 linked to the least performing of the S&P 500 index, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless any index finishes below its 70% knock-in level, in which case investors will be exposed to the decline of the least-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: | Yield notes
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| Underlying indexes: | S&P 500 index, Dow Jones industrial average, Nasdaq-100 index
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| Amount: | $6.23 million
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| Maturity: | Jan. 29, 2024
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| Coupon: | 7%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless any index finishes below its knock-in level, in which case investors will be exposed to the decline of the least-performing index from its initial level
|
| Initial levels: | 4,410.13 for S&P, 34,364.5 for Dow, 14,509.58 for Nasdaq
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| Knock-in levels: | 3,087.091 for S&P, 24,055.15 for Dow, 10,156.706 for Nasdaq; 70% of initial levels
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| Strike date: | Jan. 24
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| Pricing date: | Jan. 25
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| Settlement date: | Jan. 27
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | 0.4%
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| Cusip: | 22553PG60
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