Published on 6/30/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $5.82 million market-linked notes on S&P 500
By William Gullotti
Buffalo, N.Y., June 30 – Credit Suisse AG, London Branch priced $5.82 million of 0% market-linked notes due June 29, 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 any index gain, subject to a maximum payout of par plus 55%.
If the index falls, the payout will be par.
Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Market-linked notes
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Underlying index: | S&P 500 index
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Amount: | $5,822,620
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Maturity: | June 29, 2027
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus any index gain capped at 55%; floor of par
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Initial level: | 4,357.86
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Pricing date: | June 24
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Settlement date: | June 29
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Agent: | Credit Suisse Securities (USA) LLC
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Distributor: | Morgan Stanley Smith Barney LLC
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Fees: | 3.5%
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Cusip: | 22552J856
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