Published on 2/1/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $198,500 trigger step performance securities on Euro Stoxx
By Tali Rackner
Norfolk, Va., Feb. 1 – Credit Suisse AG, London Branch priced $198,500 of 0% trigger performance securities due Jan. 31, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of any index gain and the step return of 49%.
If the index falls by up to the 75% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.
Issuer: | Credit Suisse AG, London branch
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Issue: | Trigger step performance securities
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Underlying index: | Euro Stoxx 50
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Amount: | $198,500
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Maturity: | Jan. 31, 2020
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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 zero or positive, par plus greater of index return and 49%; par if index falls by 25% or less; full exposure to losses if index falls more than 25%
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Initial level: | 3,043.47
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Trigger level: | 2,282.60, 75% of initial level
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Pricing date: | Jan. 27
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Settlement date: | Jan. 29
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Agents: | Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
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Fees: | 0.5%
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Cusip: | 22548J390
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