Published on 6/28/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $4.54 million leveraged buffered notes on S&P 500
By William Gullotti
Buffalo, N.Y., June 28 – Credit Suisse AG, London Branch priced $4.54 million of 0% leveraged buffered index-linked notes due July 24, 2024 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 160% of any index gain, up to a maximum settlement amount of par plus 33.12%.
Investors will receive par if the index finishes flat or falls by up to 17.5% and will lose 1.21212% for each 1% decline beyond 17.5%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $4,544,000
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Maturity: | July 24, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 160% of any index gain, capped at par plus 33.12%; par if index finishes flat or falls by up to 17.5%; otherwise, 1.21212% loss for each 1% decline beyond 17.5%
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Initial index level: | 3,764.79
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Buffer level: | 82.5% of initial level
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Pricing date: | June 21
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Settlement date: | June 28
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22553Q6Q5
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