Published on 9/20/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $500,000 buffered accelerated return notes on S&P, Dow
By Kiku Steinfeld
Chicago, Sept. 20 – Credit Suisse AG, London Branch priced $500,000 of 0% buffered accelerated return equity securities due Feb. 2, 2027 linked to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the least-performing index return is positive, the payout at maturity will be par plus 134% of that return.
Investors will receive par if the least-performing index falls by 10% or less and will lose 1% for every 1% of its decline beyond 10%.
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 indexes: | S&P 500, Dow Jones industrial average
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Amount: | $500,000
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Maturity: | Feb. 2, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return of least-performing index is positive, par plus 134% of that return; par if least-performing index declines by 10% or less; 1% loss for every 1% that least-performing index declines beyond 10%
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Initial index level: | 4326.51 for S&P, 34160.78 for Dow
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Buffer level: | 3893.859 for S&P, 30744.702 for Dow; 90% of initial level
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Pricing date: | Jan. 28
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Settlement date: | Feb. 2
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.5%
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Cusip: | 22553PH77
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