Published on 2/1/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $19.45 million Accelerated Return Notes on VanEck Semiconductor ETF
By William Gullotti
Buffalo, N.Y., Feb. 1 – Credit Suisse AG, London Branch priced $19.45 million of 0% Accelerated Return Notes due March 31, 2023 linked to the VanEck Semiconductor ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any ETF gain, capped at par plus 26.25%. Investors will be exposed to any ETF decline.
BofA Securities, Inc. is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Accelerated Return Notes
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| Underlying fund: | VanEck Semiconductor ETF
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| Amount: | $19,449,770
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| Maturity: | March 31, 2023
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 300% of any ETF gain, capped at par plus 26.25%; full exposure to any ETF decline
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| Initial ETF level: | $256.69
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| Pricing date: | Jan. 27
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| Settlement date: | Feb. 3
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| Agent: | BofA Securities, Inc.
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| Fees: | 1.75%
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| Cusip: | 22550J452
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