Published on 8/20/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $6.13 million dual directional trigger performance notes on Nasdaq
By William Gullotti
Buffalo, N.Y., Aug. 20 – Credit Suisse AG, London Branch priced $6.13 million of 0% dual directional trigger performance securities due March 3, 2023 linked to the Nasdaq-100 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus the gain, capped at par plus 17.15%.
If the index falls by up to 10%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to the index’s losses.
Credit Suisse Securities (USA) LLC is the agent. Morgan Stanley Smith Barney LLC is handling distribution.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Dual directional trigger performance securities
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $6,127,600
|
| Maturity: | March 3, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index gains, par plus the gain, capped at par plus 17.15%; if the index falls by up to 10%, par plus the absolute value of the index return; otherwise, full exposure to index’s losses
|
| Initial level: | 15,136.68
|
| Trigger level: | 13,623.01; 90% of initial level
|
| Pricing date: | Aug. 13
|
| Settlement date: | Aug. 18
|
| Agent: | Credit Suisse Securities (USA) LLC with Morgan Stanley Smith Barney LLC as distributor
|
| Fees: | 2.5%
|
| Cusip: | 22552Y580
|
|
|
© 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.
