Published on 5/10/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $1.09 million leveraged market-linked notes on Nasdaq-100
By Kiku Steinfeld
Chicago, May 10 – Credit Suisse AG, London Branch priced $1.09 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due April 5, 2023 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any gain in the index, capped at par plus 11.5%.
If the index falls but not beyond 7.5%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond the buffer.
Wells Fargo Securities, LLC is the agent for distribution.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
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Underlying index: | Nasdaq-100
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Amount: | $1,086,000
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Maturity: | April 5, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any gain index, capped at par plus 11.5%; par if index falls by up to 7.5%; otherwise, 1% loss for every 1% decline beyond the buffer
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Initial level: | 14689.62
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Buffer level: | 13587.8985; 92.5% of initial level
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Pricing date: | Sept. 30, 2021
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Settlement date: | Oct. 5, 2021
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Agent: | Wells Fargo Securities LLC
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Fees: | 2.475%
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Cusip: | 22552XUF8
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