Published on 12/7/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $500,000 accelerated barrier notes on stocks
By Kiku Steinfeld
Chicago, Dec. 7 – Credit Suisse AG, London Branch priced $500,000 of 0% accelerated barrier notes due April 6, 2023 linked to the APA Corp., Antero Resources Corp., Occidental Petroleum Corp. and EOG Resources, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If each stock finishes at or above its initial level, the payout at maturity will be par plus 295% of the return of the worst performing stock.
If any stock falls but each stock finishes at or above the 70% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing stock.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Accelerated barrier notes
|
Underlying stocks: | APA Corp., Antero Resources Corp., Occidental Petroleum Corp. and EOG Resources, Inc.
|
Amount: | $500,000
|
Maturity: | April 6, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each stock finishes at or above its initial level, par plus 295% of the return of the worst performing stock; if any stock falls but all stocks finish at or above the knock-in level, par; otherwise, investors will be fully exposed to the decline of the worst performing stock
|
Initial stock levels: | $40.96 for APA, $30.87 for Antero, $120.63 for EOG, $56.79 for Occidental
|
Knock-in levels: | $28.672 for APA, $21.609 for Antero, $84.441 for EOG, $39.753 for Occidental, 70% of initial levels
|
Pricing date: | March 31
|
Settlement date: | April 5
|
Agent: | Credit Suisse Securities (USA) LLC
|
Fees: | 2.75%
|
Cusip: | 22553PR50
|
|
© 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.