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Credit Suisse plans trigger performance securities tied to Euro Stoxx
By Marisa Wong
Madison, Wis., July 6 – Credit Suisse AG plans to price 0% trigger performance securities due July 31, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 167% to 187% of the index return. The exact participation rate will be set at pricing.
If the index return is zero or negative and the index’s final level is greater than or equal to the trigger level, 65% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
UBS Financial Services Inc. will act as distributor.
The notes will price on July 29 and settle on July 31.
The Cusip number is 22548F380.
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