Published on 7/26/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $535,000 of buffered accelerated return equity notes on S&P, Dow
Chicago, July 26 – Credit Suisse AG, London Branch priced $535,000 of 0% buffered accelerated return equity securities due July 3, 2024 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 index closes at or above its initial level, the payout at maturity will be par plus 108.76% the return of the least performing index.
Investors will receive par if the least performing index falls by 15% or less and will lose 1% for every 1% that the worst performer declines beyond 15%.
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 indexes: | Dow Jones industrial average and S&P 500 index
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Amount: | $535,000
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Maturity: | July 3, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 108.76% of gain of the least performing index; investors will receive par if the least performing index falls by 15% or less and will lose 1% for every 1% that the worst performer declines beyond 15%
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Initial levels: | 30775.43 for Dow, 3785.38 for S&P
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Buffer levels: | 26159.1155 for Dow, 3217.573 for S&P, 85% of initial levels
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.4%
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Cusip: | 22553QB30
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