By Kiku Steinfeld
Chicago, May 17 – Credit Suisse AG, London Branch priced $1.6 million of 0% trigger securities due April 30, 2026 linked to the Russell 1000 Value index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus the return.
If the index return declines but finishes above 70.75% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index.
UBS Financial Services Inc. is the distributor.
Issuer: | Credit Suisse AG, London branch
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Issue: | Trigger securities
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Underlying index: | Russell 1000 Value index
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Amount: | $1,595,500
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Maturity: | April 30, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if final level of index declines but finishes above downside threshold; otherwise, full exposure to index decline
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Initial level: | 1549.097
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Knock-in level: | 1095.986, 70.75% of initial level
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Pricing date: | April 27
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Settlement date: | April 30
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Distributor: | UBS Financial Services Inc.
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Fees: | 3.5%
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Cusip: | 22551F814
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