Published on 7/26/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $8.6 million of buffered accelerated return equity notes on S&P, Dow
By Wendy Van Sickle
Columbus, Ohio, July 26 – Credit Suisse AG, London Branch priced $8.6 million of 0% buffered accelerated return equity securities due July 28, 2026 linked to the least performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each asset closes at or above its initial level, the payout at maturity will be par plus 142% the return of the least performing asset.
Investors will receive par if the least performing asset falls by 20% or less and will lose 1% for every 1% that the worst performer declines beyond 20%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered accelerated return equity securities
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Underlying assets: | Dow Jones industrial average and S&P 500 index
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Amount: | $8,596,000
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Maturity: | July 28, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 142% of gain of the least performing asset; investors will receive par if the least performing asset falls by 20% or less and will lose 1% for every 1% that the worst performer declines beyond 20%
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Initial levels: | 32,036.9 for Dow, 3,998.95 for S&P
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Buffer levels: | 25,629.54 for Dow, 3,199.16 for S&P, 80% of initial levels
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Pricing date: | July 21
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Settlement date: | July 28
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.25%
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Cusip: | 22553QEB9
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