Published on 7/29/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $1.16 million of buffered accelerated return equity notes on indexes
By Wendy Van Sickle
Columbus, Ohio, July 29 – Credit Suisse AG, London Branch priced $1.16 million of 0% buffered accelerated return equity securities due July 30, 2026 linked to the least performing of the Dow Jones industrial average, the Russell 2000 index 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 145% the return of the least performing asset.
Investors will receive par if the least performing asset falls by 10% or less and will lose 1% for every 1% that the worst performer declines beyond 10%.
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, Russell 2000 index and S&P 500 index
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Amount: | $1,155,000
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Maturity: | July 30, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 145% of gain of the least performing asset; investors will receive par if the least performing asset falls by 10% or less and will lose 1% for every 1% that the worst performer declines beyond 10%
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Initial levels: | 31,990.04 for Dow, 1,817.773 for Russell, 3,966.84 for S&P
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Buffer levels: | 28,791.036 for Dow, 1,635.9957 for Russell, 3,570.156 for S&P, 90% of initial levels
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Pricing date: | July 25
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Settlement date: | July 28
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 3.85%
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Cusip: | 22553QBA4
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