Published on 8/19/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.72 million CS notes linked to S&P, Dow, Nasdaq
By William Gullotti
Buffalo, N.Y., Aug. 19 – Credit Suisse AG, London Branch priced $1.72 million of 0% CS notes due Aug. 20, 2025 linked to the S&P 500 index, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange.
If each index finishes at or above its initial level, the payout at maturity will be par plus the return of the laggard index, subject to a maximum payout of par plus 53%.
Otherwise, investors will lose 1% for each 1% decline of worst performer from initial level to a minimum payout of 95% of par.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | CS notes
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| Underlying indexes: | S&P 500 index, Dow Jones industrial average, Nasdaq-100 index
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| Amount: | $1,724,000
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| Maturity: | Aug. 20, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes at or above initial level, par plus the return of the laggard index up to par plus 53%; otherwise, lose 1% for each 1% decline of worst performer from initial level to a minimum payout of 95% of par
|
| Initial level: | 4,297.14 for S&P, 33,912.44 for Dow, 13,667.18 for Nasdaq
|
| Pricing date: | Aug. 15
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| Settlement date: | Aug. 18
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | 0.75%
|
| Cusip: | 22553QGG6
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