E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/9/2023 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $45,000 buffered return equity securities on Euro Stoxx 50

Chicago, Feb. 9 – Credit Suisse AG, London Branch priced $45,000 of 0% buffered return equity securities due May 2, 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 95%.

Investors will receive par if the index falls by 20% or less and will lose 1% for every 1% that the index declines beyond 20%.

Credit Suisse Securities (USA) LLC is the placement agent.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered return equity securities
Underlying index:Euro Stoxx 50 index
Amount:$45,000
Maturity:May 2, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain, capped at 95%; par if index falls by 20% or less; 1% loss for every 1% decline beyond 20%
Initial level:3802.86
Buffer level:3042.288, 80% of initial level
Pricing date:April 29, 2022
Settlement date:May 4, 2022
Placement agent:Credit Suisse Securities (USA) LLC
Fees:0.75%
Cusip:22553PQR3

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.