Published on 10/30/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $6.08 million trigger performance notes linked to S&P 500
By Jennifer Chiou
New York, Oct. 30 – Credit Suisse AG, London Branch priced $6,078,300 of 0% trigger performance securities due Oct. 31, 2024 linked to the S&P 500 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 157.9% of the index return.
Investors will receive par if the index falls by up to 50% and will be fully exposed to losses from the initial level if it falls by more than 50%.
UBS Financial Services Inc. is the distributor.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Trigger performance securities
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Underlying index: | S&P 500
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Amount: | $6,078,300
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Maturity: | Oct. 31, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 157.9% of index return; par if index falls by up to 50%; if final level is less than trigger level, full exposure to decline in index from initial level
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Initial index level: | 1,985.05
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Trigger level: | 992.53, 50% of initial level
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Pricing date: | Oct. 28
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Settlement date: | Oct. 31
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Distributor: | UBS Financial Services Inc.
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Fees: | 5%
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Cusip: | 22547T217
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