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Published on 12/11/2020 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $5.43 million 5.75% coupon buffered securities on Russell, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Dec. 11 – Credit Suisse AG, London Branch priced $5.43 million of 5.75% coupon buffered securities due Dec. 1, 2021 linked to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless either index loses more than 20% in which case investors will lose 1.25% for each 1% the worst performing index declines beyond the 20% buffer.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Coupon buffered securities
Underlying indexes:Russell 2000 and Nasdaq-100
Amount:$5,425,000
Maturity:Dec. 1, 2021
Coupon:5.75%, payable monthly
Price:Par
Payout at maturity:If either index falls by more than its 20% buffer, par minus 1.25% for each 1% that the worst performing index declines by more than 20%; otherwise, par
Initial levels:1,853.532 for Russell 2000 and 12,079.81 for Nasdaq
Buffer levels:1,482.8256 for Russell 2000 and 9,663.848 for Nasdaq; 80% of initial levels
Pricing date:Nov. 25
Settlement date:Dec. 1
Agent:Credit Suisse Securities (USA) LLC
Fees:0%
Cusip:22552WUU7

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