Published on 6/30/2023 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $666,000 accelerated barrier notes on S&P 500
Chicago, June 30 – Credit Suisse AG, London Branch priced $666,000 of 0% accelerated barrier notes due July 9, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 131% of the index return.
If the index falls by up to 50%, the payout will be par.
Otherwise, investors will be fully exposed to index’s decline from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Accelerated barrier notes
|
Underlying index: | S&P 500 index
|
Amount: | $666,000
|
Maturity: | July 9, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index finishes at or above its initial level, par plus 131% of the index return; if the index falls by up to 50%, par; otherwise, investors will lose 1% for every 1% of index decline from initial level
|
Initial level: | 3845.08
|
Knock-in level: | 1922.54; 50% of initial level
|
Pricing date: | July 6, 2022
|
Settlement date: | July 11, 2022
|
Agent: | Credit Suisse Securities (USA) LLC
|
Fees: | 0.75%
|
Cusip: | 22553QC62
|
|
© 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.