New Issue: Credit Suisse prices $425,250 trigger performance notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Feb. 1 – Credit Suisse AG, London Branch priced $425,250 of 0% trigger performance securities due Jan. 29, 2021 linked to the S&P 500 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 160% of the index return. Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial index level if it falls by more than 25%.

UBS Financial Services Inc. is the distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger performance securities
Underlying index:	S&P 500
Amount:	$425,250
Maturity:	Jan. 29, 2021
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If index return is positive, par plus 160% of index return; par if index falls by up to 25%; full exposure to losses from initial level if index falls by more than 25%
Initial index level:	1,906.63
Trigger level:	1,427.72, 75% of initial share price
Pricing date:	Jan. 26
Settlement date:	Jan. 29
Distributor:	UBS Financial Services Inc.
Fees:	0.5%
Cusip:	22548J382

© 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.