Published on 1/6/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $4.39 million Accelerated Return Notes on Stoxx 50
By Marisa Wong
Los Angeles, Jan. 6 – Credit Suisse AG, London Branch priced $4.39 million of 0% Accelerated Return Notes due Jan. 28, 2022 linked to the Euro Stoxx 50 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 14.22%. 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: | Euro Stoxx 50 index
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Amount: | $4,390,750
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Maturity: | Jan. 28, 2022
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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 14.22%; full exposure to any index decline
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Initial index level: | 3,507.98
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Final index level: | Average of index’s closing levels on five trading days ending Jan. 25, 2022
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Pricing date: | Nov. 24
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Settlement date: | Dec. 2
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Agent: | BofA Securities, Inc.
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Fees: | 1.75%
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Cusip: | 22550J593
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