Published on 9/29/2021 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $2.05 million Bares on iShares MSCI Emerging Markets ETF
By William Gullotti
Buffalo, N.Y., Sept. 29 – Credit Suisse AG, London Branch priced $2.05 million of 0% Buffered Accelerated Return Equity Securities due Jan. 26, 2023 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes at or above its initial level, the payout at maturity will be par plus 1.25 times the return of the ETF, capped at par plus 19.7%.
Investors will receive par if the ETF falls by 10% or less and will lose 1% for every 1% that the ETF declines beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered Accelerated Return Equity Securities
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Underlying fund: | iShares MSCI Emerging Markets ETF
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Amount: | $2,045,000
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Maturity: | Jan. 26, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If ETF finishes at or above its initial level, the payout at maturity will be par plus 1.25 times the return of the ETF, capped at par plus 19.7%; investors will receive par if ETF falls by 10% or less and will lose 1% for every 1% that the ETF declines beyond 10%
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Initial level: | $51.39
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Buffer level: | $46.251; 90% of initial levels
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Pricing date: | Sept. 23
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Settlement date: | Sept. 28
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22552XVP5
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