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Published on 5/26/2022 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $1.87 million upside participation market-linked notes on S&P 500

Chicago, May 26 – Credit Suisse AG priced $1.87 million of 0% market-linked securities – upside participation to a cap and fixed percentage buffered downside due Nov. 3, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the index gain, up to a maximum return of par plus 73.75%.

If the index falls by up to 15%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the index beyond the 15% buffer.

Wells Fargo Securities LLC is the agent.

Issuer:Credit Suisse AG
Issue:Market-linked securities – upside participation to a cap and fixed percentage buffered downside
Underlying index:S&P 500 index
Amount:$1,869,000
Maturity:Nov. 3, 2027
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain, capped at par plus 73.75%; if index falls by up to 15%, par; otherwise, 1% loss for every 1% decline beyond buffer
Initial level:4605.38
Buffer level:3914.573; 85% of initial level
Pricing date:Oct. 29, 2021
Settlement date:Nov. 5, 2021
Agent:Wells Fargo Securities LLC
Fees:4.52%
Cusip:22552XWQ2

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