By Toni Weeks
San Luis Obispo, Calif., May 29 – Credit Suisse AG, London Branch priced $28.02 million of 0% trigger performance securities due May 30, 2025 linked to the Euro Stoxx 50 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 191% of the index return.
If the index return is zero or negative and the final level is greater than or equal to the trigger level, 65% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
UBS Financial Services Inc. is acting as distributor.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Trigger performance securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $28,019,850
|
| Maturity: | May 30, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus 191% of index return; par if index falls by up to 35%; full exposure to losses from initial level if index falls by more than 35%
|
| Initial level: | 3,628.87
|
| Trigger level: | 2,398.87, 65% of initial level
|
| Pricing date: | May 27
|
| Settlement date: | May 29
|
| Distributor: | UBS Financial Services Inc.
|
| Fees: | 5%
|
| Cusip: | 22547T803
|
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