Published on 3/5/2023 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $555,000 CS notes linked to S&P 500
By Kiku Steinfeld
Chicago, March 6 – Credit Suisse AG, London Branch priced $555,000 of 0% CS notes due May 28, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus any positive return of the index.
Otherwise, investors will receive par.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | CS notes
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Underlying index: | S&P 500 index
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Amount: | $555,000
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Maturity: | May 28, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any positive return of the index; otherwise, par
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Initial level: | 4003.58
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Pricing date: | Nov. 22, 2022
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Settlement date: | Nov. 28, 2022
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 2.75%
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Cusip: | 22553QNT0
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