Published on 10/16/2023 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $527,000 buffered accelerated return securities on S&P
Chicago, Oct. 16 – Credit Suisse AG, London Branch priced $527,000 of 0% buffered accelerated return equity securities due Oct. 7, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 150% of the index return, capped at par plus 39.25%.
Investors will receive par if the index falls by 5% or less and will lose 1% for every 1% decline beyond 5%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered accelerated return equity securities
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Underlying index: | S&P 500 index
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Amount: | $527,000
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Maturity: | Oct. 7, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 150% of index return, capped at par plus 39.25%; par if index declines by 5% or less; 1% loss for every 1% index declines beyond 5%
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Initial index level: | 3585.62
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Buffer level: | 3406.339; 95% of initial level
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Pricing date: | Sept. 30, 2022
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Settlement date: | Oct. 5, 2022
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.8%
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Cusip: | 22553QLF2
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