Published on 2/8/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $7.57 million digital plus barrier notes on Russell, S&P, Nasdaq
By William Gullotti
Buffalo, N.Y., Feb. 8 – Credit Suisse AG, London Branch priced $7.57 million of 0% digital plus barrier notes due Feb. 8, 2024 linked to the lowest performing of the Russell 2000 index, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If nany index falls from its initial level, the payout at maturity will be par plus the greater of any gain of the laggard index and 31%.
If any index falls but not by more than 20%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.
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: | Russell 2000 index, S&P 500 index, Nasdaq-100 index
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Amount: | $7.57 million
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Maturity: | Feb. 8, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains or finishes flat, par plus greater of return of laggard index and 31%; if laggard index falls by up to 20%, par; otherwise, par plus the return of the least performing index with full exposure to decline
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Initial levels: | 1,991.031 for Russell, 4,477.44 for S&P, 14,501.11 for Nasdaq
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Knock-in levels: | 1,592.8248 for Russell, 3,581.952 for S&P, 11,600.888 for Nasdaq; 80% of initial levels
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Pricing date: | Feb. 3
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Settlement date: | Feb. 8
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.61%
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Cusip: | 22553PHD4
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