Published on 7/8/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $2.93 million trigger jump securities on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, July 8 – Credit Suisse AG, London Branch priced $2.93 million of 0% trigger jump securities due July 3, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be the greater of par plus the index return and par plus 40%.
The payout will be par if the index declines by 20% or less. If the index declines by more than 20%, investors will lose 1% for each 1% decline from the initial level.
Credit Suisse Securities (USA) LLC is the agent, with Morgan Stanley Smith Barney LLC handling distribution.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Trigger jump securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $2,928,190
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Maturity: | July 3, 2025
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the index return is zero or positive, the greater of par plus the index return and par plus 40%; if the index declines by 20% or less, par; otherwise, 1% loss for each 1% decline from the initial level
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Initial level: | 3,454.86
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Trigger level: | 2,763.89; 80% of initial level
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Pricing date: | June 30
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Settlement date: | July 6
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Underwriter: | Credit Suisse Securities (USA) LLC
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Distribution: | Morgan Stanley Smith Barney LLC
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Fees: | 3%
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Cusip: | 22552J773
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