Published on 6/5/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $11.33 million trigger autocallables on index basket
By Wendy Van Sickle
Columbus, Ohio, June 5 – Credit Suisse AG, London Branch priced $11.33 million of 0% trigger autocallable notes due June 4, 2019 linked to a basket containing the MSCI EAFE index (40% weight) and the Russell 2000 index and the S&P 500 index (30% weight each), according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call return of 6.55% a year if the basket closes at or above its initial level on an quarterly observation date.
If the notes are not called, the payout at maturity will be par unless the basket falls by more than 20% in which case investors will have full exposure to the decline.
UBS Financial Services Inc. is the distributor.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Trigger autocallable notes
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Basket components: | MSCI EAFE index (40% weight) and Russell 2000 index and S&P 500 index (30% weight each)
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Amount: | $11,328,630
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Maturity: | June 4, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par unless basket falls by more than 20%, in which case full exposure to decline
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Call: | At par plus a call return of 6.55% per year if basket closes at or above initial level on any quarterly call date
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Initial levels: | 1,382.244 for Russell, 2,415.82 for S&P 500, 1,885.37 for MSCI EAFE
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Pricing date: | May 26
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Settlement date: | May 31
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Distributor: | UBS Financial Services Inc.
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Fees: | 1.5%
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Cusip: | 22549C220
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