By Marisa Wong
Madison, Wis., July 6 – Credit Suisse AG, London Branch priced $5.83 million of 0% trigger performance securities due June 30, 2025 linked to the Russell 2000 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 142% 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, 50% 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: | Russell 2000
|
| Amount: | $5,832,740
|
| Maturity: | June 30, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus 142% of index return; par if index falls by up to 50%; full exposure to losses from initial level if index falls by more than 50%
|
| Initial level: | 1,283.281
|
| Trigger level: | 641.641, 50% of initial level
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Distributor: | UBS Financial Services Inc.
|
| Fees: | 5%
|
| Cusip: | 22548F208
|
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