Published on 9/14/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $4.55 million digital barrier notes on Russell, S&P
By Wendy Van Sickle
Columbus, Ohio, Sept. 14 – Credit Suisse AG, London Branch priced $4.55 million of 0% digital barrier notes due Oct. 12, 2023 linked to the lowest performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the lesser performing index gains or if it falls by no more than 30%, the payout will be par plus 12.15%.
Otherwise, investors will lose 1% for every 1% decline of the lesser performing index below its initial level.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Digital barrier notes
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Underlying indexes: | Russell 2000 index, S&P 500 index
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Amount: | $$4,549,000
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Maturity: | Oct. 12, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If lesser performing index gains or if it falls by no more than 30%, par plus 12.15%; otherwise, full exposure to decline of lesser performing index
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Initial levels: | 1,882.848 for Russell, 4,067.36 for S&P
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Threshold levels: | 1,317.9936 for Russell, 2,847.1525 for S&P; 70% of initial levels
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Pricing date: | Sept. 9
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Settlement date: | Sept. 14
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.43%
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Cusip: | 22553QJF5
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