Published on 3/31/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $2.43 million trigger performance securities tied to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, March 31 – Credit Suisse AG, London Branch priced $2.43 million of 0% trigger performance securities due March 31, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 178.5% of the gain.
If the index falls but finishes at or above its trigger level, 75% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Trigger performance securities
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Underlying index: | Euro Stoxx 50
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Amount: | $2,430,150
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Maturity: | March 31, 2021
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | If index return is positive, par plus 178.5% of index return; par if index falls by up to 25%; full exposure to losses from initial level if index falls by more than 25%
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Initial index level: | 3,004.87
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Trigger level: | 2,253.65, 75% of initial share price
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Pricing date: | March 29
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Settlement date: | March 31
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Agents: | Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
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Fees: | 3.5%
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Cusip: | 22548J705
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