E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/18/2023 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $159,000 of buffered accelerated return equity notes on indexes

Chicago, May 18 – Credit Suisse AG, London Branch priced $159,000 of 0% buffered accelerated return equity securities due July 2, 2026 linked to the least performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each asset closes at or above its initial level, the payout at maturity will be par plus 140% the return of the least performing asset.

Investors will receive par if the least performing asset falls by 10% or less and will lose 1% for every 1% that the worst performer declines beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered accelerated return equity securities
Underlying assets:Dow Jones industrial average, Russell 2000 index and S&P 500 index
Amount:$159,000
Maturity:July 2, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus 140% of gain of the least performing asset; investors will receive par if the least performing asset falls by 10% or less and will lose 1% for every 1% that the worst performer declines beyond 10%
Initial levels:31438.26 for Dow, 1771.742 for Russell, 3900.11 for S&P
Buffer levels:28294.434 for Dow, 1594.5678 for Russell, 3510.099 for S&P, 90% of initial levels
Pricing date:June 27, 2022
Settlement date:June 30, 2022
Agent:Credit Suisse Securities (USA) LLC
Fees:3.85%
Cusip:22553Q2Q9

© 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.