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Published on 9/28/2020 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $13.93 million accelerated return notes on Stoxx

By Wendy Van Sickle

Columbus, Ohio, Sept. 28 – Credit Suisse AG, London Branch priced $13.93 million of 0% accelerated return equity securities due Nov. 26, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return, capped at par plus 17.31%.

Investors will be fully exposed to any decline in the index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Accelerated return equity securities
Underlying index:Euro Stoxx 50
Amount:$13,929,520
Maturity:Nov. 26, 2021
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 300% of index return capped at par plus 17.31%; full exposure to decline
Initial index level:3,159.64
Pricing date:Sept. 24
Settlement date:Oct. 1
Underwriter:Credit Suisse Securities (USA) LLC
Fees:1.75%
Cusip:22550J643

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