Published on 8/3/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $6.94 million capped market-linked principal return notes on S&P
By William Gullotti
Buffalo, N.Y., Aug. 3 – Credit Suisse AG priced $6.94 million of 0% market-linked securities – upside participation to a cap and principal return at maturity due Aug. 2, 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 gain, subject to a maximum return of par plus 54%.
Otherwise, investors will receive par.
Wells Fargo Securities LLC is the agent.
Issuer: | Credit Suisse AG
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Issue: | Market-linked securities – upside participation to a cap and principal return at maturity
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Underlying index: | S&P 500 index
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Amount: | $6,935,000
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Maturity: | Aug. 2, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par any gain, capped at par plus 54%; otherwise, par
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Initial level: | 4,072.43
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Pricing date: | July 28
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Settlement date: | Aug. 2
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Agent: | Wells Fargo Securities LLC
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Fees: | 3.87%
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Cusip: | 22553QAL1
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