Published on 7/28/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $100,000 buffered return equity securities on Euro Stoxx 50
By Marisa Wong
Los Angeles, July 28 – Credit Suisse AG, London Branch priced $100,000 of 0% buffered return equity securities due July 30, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the return of the index, capped at 55%.
Investors will receive par if the index falls by 25% or less and will lose 1% for every 1% that the index declines beyond 25%.
InspereX LLC is the placement agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered return equity securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $100,000
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Maturity: | July 30, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 55%; par if index falls by 25% or less; 1% loss for every 1% decline beyond 25%
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Initial level: | 3,604.16
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Buffer level: | 2,703.12, 75% of initial level
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Pricing date: | July 25
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Settlement date: | July 28
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Placement agent: | InspereX LLC
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Fees: | 2.25%
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Cusip: | 22553QBH9
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