Published on 1/19/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $2.06 million leveraged basket-linked notes on indexes
By Kiku Steinfeld
Chicago, Jan. 19 – Credit Suisse AG, London Branch priced $2.06 million of 0% leveraged notes due March 15, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with a 11% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus 3 times the basket gain, capped at par plus 33.3%.
Investors will share in any losses.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Leveraged basket-linked notes
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Underlying indexes: | Euro Stoxx 50 (36% weight), Topix (29% weight), FTSE 100 (16% weight), Swiss Market (11% weight) and S&P/ASX 200 (8% weight)
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Amount: | $2,058,000
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Maturity: | March 15, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 3 times basket gain, capped at 33.3%; full exposure to losses
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Initial levels: | 3616.51 for Euro Stoxx, 1864.40 for Topix, 6745.52 for FTSE, 10846.88 for Swiss Market and 6686.602 for S&P/ASX
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Pricing date: | Jan. 13
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Settlement date: | Jan. 21
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22552X4D2
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