By Marisa Wong
Madison, Wis., July 1 – Credit Suisse AG, London Branch priced $7.28 million of 0% trigger performance securities due June 30, 2025 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 141% of any fund gain.
If the fund falls by up to the 50% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. is distributor.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Trigger performance securities
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $7,282,400
|
| Maturity: | June 30, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If fund return is positive, par plus 141% of fund return; par if fund falls by up to 50%; full exposure to losses from initial level if fund falls by more than 50%
|
| Initial fund price: | $40.31
|
| Trigger price: | $20.16, 50% of initial price
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Distributor: | UBS Financial Services Inc.
|
| Fees: | 5%
|
| Cusip: | 22548F331
|
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