Published on 8/21/2023 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $759,000 CS notes linked to index basket
Chicago, Aug. 21 – Credit Suisse AG, London Branch priced $759,000 of 0% CS notes due Aug. 5, 2027 linked to an unequally-weighted index basket, according to a 424B2 filing with the Securities and Exchange.
The basket consists of the S&P 500 index with a 50% weight, the Euro Stoxx 50 index with a 30% weight and the Russell 2000 index with a 20% weight.
If the basket finishes at or above its initial level, the payout at maturity will be par plus the return.
Otherwise, investors will receive par.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | CS notes
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Underlying indexes: | S&P 500 index (50% weight), Euro Stoxx 50 index (30% weight) and Russell 2000 index (20% weight)
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Amount: | $759,000
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Maturity: | Aug. 5, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket finishes at or above initial level, par plus basket return; otherwise, par
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Initial levels: | 4118.63 for S&P, 1883.313 for Russell, 3706.62 for Stoxx
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Pricing date: | Aug. 1, 2022
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Settlement date: | Aug. 4, 2022
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.25%
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Cusip: | 22553QCG0
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