By Marisa Wong
Madison, Wis., Oct. 30 – Credit Suisse AG, London Branch priced $5.18 million of 0% airbag performance securities due Oct. 31, 2019 linked to the S&P/TSX 60 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 plus 156.25% of the gain.
If the index return is zero or negative but greater than or equal to the negative 20% threshold percentage, the payout will be par.
If the index falls by more than 20%, investors will lose 1.25% for every 1% index decline beyond 20%.
UBS Financial Services Inc. is the distributor.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Airbag performance securities
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| Underlying index: | S&P/TSX 60
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| Amount: | $5,182,000
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| Maturity: | Oct. 31, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 156.25% of index return; if index return is zero or negative but not less than negative 20%, par; otherwise, 1.25% loss for every 1% that index declines beyond 20%
|
| Initial index level: | 848.69
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| Pricing date: | Oct. 28
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| Settlement date: | Oct. 31
|
| Agent: | UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 22547T191
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