E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/16/2022 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $700,000 market-linked notes on index basket

Chicago, May 16 – Credit Suisse AG, London Branch priced $700,000 of 0% market-linked securities – upside participation to a cap and principal return at maturity due Oct. 15, 2029 linked to an equally weighted global index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Dow Jones industrial average, the Euro Stoxx 50 index, the FTSE 100 index and the Tokyo Stock Price index, each with a 25% weight.

The payout at maturity will be par plus any gain in the basket, capped at par plus 85.5%.

If the basket declines, investors will receive par.

Wells Fargo Securities, LLC is the agent for distribution.

Issuer:Credit Suisse AG, London Branch
Issue:Market-linked securities – upside participation to a cap and principal return at maturity
Underlying basket:Dow Jones industrial average, the Euro Stoxx 50 index, the FTSE 100 index and the Tokyo Stock Price index; each with a 25% weight
Amount:$700,000
Maturity:Oct. 15, 2029
Coupon:0%
Price:Par
Payout at maturity:Par plus of any gain of basket, capped at par plus 85.5%; par if basket falls
Initial levels:34746.25 for Dow, 4073.29 for Stoxx, 7095.55 for FTSE and 1961.85 for Tokyo
Pricing date:Oct. 8, 2021
Settlement date:Oct. 14, 2021
Agent:Wells Fargo Securities LLC
Fees:4.62%
Cusip:22552XWS8

© 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.