Published on 6/9/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $9.35 million buffered notes tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, June 9 – Credit Suisse AG, London Branch priced $9.35 million of 0% buffered notes due June 14, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If index’s final level is greater than or equal to the 85% buffer level, the payout will be par plus the fixed return of 9.21%.
If the index declines by more than 15%, investors will lose 1.17647% for every 1% that the index declines beyond 15%.
J.P. Morgan Securities LLC is the placement agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Buffered notes
|
Underlying index: | S&P 500 index
|
Amount: | $9,345,000
|
Maturity: | June 14, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index’s final level is greater than or equal to the 85% buffer level, par plus 9.21%; otherwise, 1.17647% loss per 1% drop beyond 15%
|
Initial index level: | 4,158.24
|
Buffer level: | 3,3534.5; 85% of initial level
|
Pricing date: | May 27
|
Settlement date: | June 2
|
Placement agent: | J.P. Morgan Securities LLC
|
Fees: | 1%
|
Cusip: | 22553PZ44
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.