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4.00 % CS Multi Fix Kupon Express Anleihe Banken (II) 21-25


ISIN:
DE000CS8DFR5
WKN:
CS8DFR

2021/12/01 08:02:54
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerCredit Suisse AG
Product typeExpress bonds
TypeFix Coupon
CurrencyEUR
UnderlyingERSTE GROUP
RAIFFEISEN INT.
Strike Date2021/12/01
Maturity2025/12/04
Coupon/express payment4.000%
Coupon stylefix
Current redemption barrier in %100.00%
Final redemption barrier in %50.00%
Nominal amount1,000.00

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Final TermsPDF Download

Productnews

2023/03/21

Crucial event: important notice on the current situation of Credit Suisse

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Our analysts say...


Performance since inception. Performances under 12 month have only little informative value because of the short maturity. Information about previous performance does not guarantee future performance.
Source: Erste Group Bank AG

Underlyings

Underlying Name and ISINCurrencyPrice underlyingCurrent red. barrCurr.red. barr. dist %Final red. barr.Final red. barr. dist %
ERSTE GROUP
AT0000652011		EUR51.8838.600025.60%19.300062.80%
RAIFFEISEN INT.
AT0000606306		EUR16.5726.6800-61.01%13.340019.49%
Advantages Risks you should be aware of
  • Fixed earnings of 4.00 % per year
  • Possible annual early redemption at 100.00 % of nominal amount in. 
  • Risk buffer (final redemption barrier of 50.00 %) compared to a direct investment in the underlyings
  • A fall of the share price below the barrier during the term has no influence on the redemption at the end of the 4th year, relevant is only the price on last valuation date.
  • Credit Suisse Bank (Europe), S.A., Madrid will set quotes during the term without being legally obliged to do so.
  • The risk of capital loss depends on the underlying with the worst performance (worst-of). For this product with worst-of structure despite several underlyings there is no risk diversification by spreading the market risk as for a conventional basket product; instead there is a risk concentration.
  • If according to the repayment terms shares are delivered upon maturity, there may be losses for the investors. Delivered shares cause additional costs (e.g. security deposit fees. transaction fees upon sale).
  • Investors bear the risk of the issuer Credit Suisse AG.
  • The earnings are capped at 16.00 %, even if the underlyings perform better.
  • During the term the bond price will not vary 1:1 with the underlyings and premature sale may lead to capital loss.
  • This express bond is not covered by any deposit guarantee scheme. Investors are exposed to the risk that Credit Suisse AG may not be able to meet its obligations arising from the bond in the event of insolvency or over-indebtedness or from an official order (bail-in regime). A total loss of invested capital is possible.

Secondary market

During the term it is possible to sell the product during the trading hours at the exchanges, where the product is listed.

2021/12/01 08:02:54
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerCredit Suisse AG
Product typeExpress bonds
TypeFix Coupon
CurrencyEUR
Stock exchangeFRA
UnderlyingERSTE GROUP
RAIFFEISEN INT.
Issue date2021/12/06
Strike Date2021/12/01
Maturity2025/12/04
Coupon/express payment4.000%
Coupon stylefix
Current redemption barrier in %100.00%
Final redemption barrier in %50.00%
Nominal amount1,000.00
Quantono
First trading day2021/12/06
Last trading day2025/12/01

Express bonds | Description

This express bond issued by Credit Suisse AG refers to the shares of Erste Group Bank AG and Raiffeisen Bank International AG (underlyings). Regardless of the performance of the underlyings, there is an annual interest payment of 4.00 % p.a. The bond will be redeemed on 04/12/2025 if there is no automatic early redemption.

There is an automatic early redemption, if the closing price of both underlyings is at or above the strike price on one of the valuation dates (01/12/2022, 01/12/2023, 02/12/2024). In this case investors receive the respective early redemption amount of 100.00 % of the nominal amount on the early repayment dates (06/12/2022; 06.12.2023; 05.12.2024).

If the express bond has not been redeemed early, there are two possibilities at maturity:

  1. If the closing price of the underlying with the worst performance is at or above the final redemption barrier on the last valuation date (01/12/2025), investors receive 100.00 % of the nominal amount plus the interest payment of 4.00 % for the final year.

  2. If the closing price of the underlying with the worst performance is below the final redemption barrier on the last valuation date, shares (defined by the ratio nominal amount/strike price) of the underlying with the worst performance (worst-of) are delivered. In addition the interest payment of 4.00 % for the final year is paid.  Fractions of shares are settled in cash. In this case, there is a capital loss.
Information on the product during the term can be found on the issuer's website: https://derivative.credit-suisse.com/at/at/en/detail/4-cs-multi-fix-kupon-express-anleihe-banken-21-25/DE000CS8DFR5/112853039

Price information

Today open100.00
Today high100.00
Today low100.00
Close (previous day)100.00
Spread in %-
Spread absolute-
Spread harmonised-
High price (52 weeks)100.00
Low price (52 weeks)100.00

Performance

Performance YTD in %-
Performance 1 month in %-
Performance 6 months in %-
Performance 1 year in %-
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-


2021/12/01 08:02:54
Bid Ask
- -
Difference 0.00% (0.00)

Date: 2024/11/01 12:13:45
Underlying Quote
51.88 EUR
Difference +0.27% (0.14)

General attributes underlying

NameERSTE GROUP
ISINAT0000652011
Stock exchange (underlying)VIE
Currency (underlying)EUR
Price51.88
Time24/11/01 - 12:13:45
Start value underlying38.6000
Strike price38.6000
Current redemption barrier38.6000
Current redemption barrier distance13.28
Current redemption barrier distance in %25.60%
Final redemption barrier19.3000
Final redemption barrier distance32.58
Final redemption barrier distance in %62.80%
No of shares for redemption25
Today high52.14
Today low51.34
High price (52 weeks)51.74
Low price (52 weeks)33.45
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Information about previous performance does not guarantee future performance.
Source: FactSet

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