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
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Issue: | Buffered return equity securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $45,000
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Maturity: | May 2, 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 95%; par if index falls by 20% or less; 1% loss for every 1% decline beyond 20%
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Initial level: | 3802.86
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Buffer level: | 3042.288, 80% of initial level
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Pricing date: | April 29, 2022
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Settlement date: | May 4, 2022
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Placement agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.75%
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Cusip: | 22553PQR3
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