New Issue: Credit Suisse prices $5.66 million trigger performance notes on S&P 500

By Susanna Moon

Chicago, Oct. 6 – Credit Suisse AG, London branch priced $5.66 million of 0% trigger performance securities due Sept. 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 143.5% of any gain in the index.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.

UBS Financial Services Inc. is the distributor.

Issuer:	Credit Suisse AG, London branch
Issue:	Trigger performance securities
Underlying index:	S&P 500
Amount:	$5,655,100
Maturity:	Sept. 30, 2020
Price:	Par
Payout at maturity:	Par plus 143.5% of any index gain; par if index falls by up to 25%; full exposure to any losses if index falls below trigger level
Initial level:	1,931.34
Trigger level:	75% of the initial level
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	UBS Financial Services Inc.
Fees:	3.5%
Cusip:	22548F596

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.