By Marisa Wong
Morgantown, W.Va., June 7 – Credit Suisse AG priced $12.63 million of 0% trigger jump securities due July 5, 2018 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Apple stock finishes at or above its initial price, the payout at maturity will be par plus 30%.
Investors will receive par if Apple shares fall by up to 20% and will be fully exposed to any losses if the stock finishes below the 80% knock-in level.
Credit Suisse Securities (USA) LLC is the agent. Morgan Stanley Wealth Management is handling distribution.
Issuer: | Credit Suisse AG
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Issue: | Trigger jump securities
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Underlying stock: | Apple Inc. (Symbol: AAPL)
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Amount: | $12,627,910
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Maturity: | July 5, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If Apple stock finishes at or above its initial price, par plus 30%; par if Apple shares fall by up to 20%; full exposure to any losses if the stock finishes below the knock-in level
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Initial price: | $95.60
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Knock-in price: | $76.48
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | Credit Suisse Securities (USA) LLC with Morgan Stanley Wealth Management handling distribution
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Fees: | 2.5%
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Cusip: | 22548R616
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