Published on 9/16/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $2.26 million buffered accelerated return equity securities on MSCI EM
By Wendy Van Sickle
Columbus, Ohio, Sept. 16 – Credit Suisse AG, London Branch priced $2.26 million of 0% buffered accelerated return equity securities due Sept. 13, 2024 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above its initial level, the payout at maturity will be par plus 188.5% of the return of the index, capped at 40%.
Investors will receive par if the index falls by 15% or less and will lose 1.1765% for every 1% that the index declines beyond 15%.
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: | MSCI Emerging Markets
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Amount: | $2,256,000
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Maturity: | Sept. 13, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index closes at or above its initial level, the payout at maturity will be par plus 188.5% of the return of the index, capped at 40%; investors will receive par if index falls by 15% or less and will lose 1.1765% for every 1% that the index declines beyond 15%
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Initial level: | 1,308.94
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Buffer level: | 1,112.599; 85% of initial level
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Pricing date: | Sept. 10
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Settlement date: | Sept. 15
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22552XV83
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