Published on 9/1/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $782,000 buffered return equity securities linked to S&P 500
Chicago, Sept. 1 – Credit Suisse AG, London Branch priced $782,000 of 0% buffered return equity securities due Aug. 29, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the return capped at 39%.
Investors will receive par if the index finishes at or above the 90% buffer level. Otherwise, investors will lose 1% for every 1% decline of the index beyond 10%.
Credit Suisse Securities (USA) LLC and InspereX LLC are the agents.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Buffered return equity securities
|
Underlying index: | S&P 500 index
|
Amount: | $782,000
|
Maturity: | Aug. 29, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index finishes at or above initial level, par plus the gain of the index with a maximum gain of 39%; if the index declines but finishes at or above the 90% buffer, par; otherwise, investors will lose 1% for every 1% decline of the index beyond 10%
|
Initial level: | 4057.66
|
Buffer level: | 3651.894; 90% of initial level
|
Pricing date: | Aug. 26
|
Settlement date: | Aug. 31
|
Agents: | Credit Suisse Securities (USA) LLC and InspereX LLC
|
Fees: | 2.25%
|
Cusip: | 22553QFN2
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.