Published on 6/30/2023 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $745,000 of buffered accelerated return equity notes on indexes
Chicago, June 30 – Credit Suisse AG, London Branch priced $745,000 of 0% buffered accelerated return equity securities due July 5, 2024 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level, the payout at maturity will be par plus 205% the return of the least performing index, capped at par plus 30%.
Investors will receive par if the least performing index falls by 25% or less and will lose 1% for every 1% that the worst performer declines beyond 25%.
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: | Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
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Amount: | $745,000
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Maturity: | July 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 205% of gain of the least performing index, capped at par plus 30%; investors will receive par if the least performing index falls by 25% or less and will lose 1% for every 1% that the worst performer declines beyond 25%
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Initial levels: | 31097.26 for Dow, 11585.68 for Nasdaq, 3825.33 for S&P
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Buffer levels: | 23322.945 for Dow, 8689.26 for Nasdaq, 2868.9975 for S&P, 75% of initial levels
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Pricing date: | July 1, 2022
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Settlement date: | July 7, 2022
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.7%
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Cusip: | 22553QBL0
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