Published on 11/29/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $31.14 million Accelerated Return Notes on Energy Select Sector
By Wendy Van Sickle
Columbus, Ohio, Nov. 29 – Credit Suisse AG, London Branch priced $31.14 million of 0% Accelerated Return Notes due Jan. 27, 2023 linked to the Energy Select Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, capped at par plus 32.3%. Investors will be exposed to any index decline.
BofA Securities, Inc. is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated Return Notes
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Underlying index: | Energy Select Sector index
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Amount: | $31,140,360
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Maturity: | Jan. 27, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at par plus 32.3%; full exposure to any index decline
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Initial index level: | 596.0
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Pricing date: | Nov. 23
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Settlement date: | Dec. 1
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Agent: | BofA Securities, Inc.
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Fees: | 1.75%
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Cusip: | 22550J544
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