Chicago, Feb. 9 – Credit Suisse AG, London Branch priced $1.25 million of market-linked securities – autocallable with contingent coupon and contingent downside – due Oct. 29, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A 5.4% contingent coupon will be paid quarterly if the index closes above its 60% threshold level on the related observation date.
The notes will be automatically called at par if the index closes above its initial level on any quarterly calculation date starting after six months.
If the index falls by up to 40%, the payout will be par.
Investors will lose 1% for every 1% decline of the index if it falls beyond the threshold level.
Wells Fargo Securities LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Market-linked securities – autocallable with contingent coupon and contingent downside
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,250,000
|
| Maturity: | Oct. 29, 2024
|
| Coupon: | 5.4% annual rate, payable quarterly if index closes above threshold level on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par if index closes above threshold level; otherwise, 1% loss for every 1% decline of index from initial level
|
| Call: | At par if index closes above initial level on any quarterly calculation date starting after six months
|
| Initial share price: | 4131.93
|
| Barrier level: | 2479.158, 60% of initial level
|
| Pricing date: | April 29, 2022
|
| Settlement date: | May 4, 2022
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 1.525%
|
| Cusip: | 22553PSN0
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
