Credit Suisse to price trigger absolute return step notes on EAFE ETF

By Marisa Wong

Morgantown, W.Va., Sept. 25 – Credit Suisse AG, London Branch plans to price 0% trigger absolute return step securities due Sept. 30, 2022 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final fund level is greater than or equal to the initial level, the payout at maturity will be par of $10 plus the greater of the step return and the fund return. The step return is expected to be 23% to 27% and will be set at pricing.

If the final fund level is less than the initial level but greater than or equal to the downside threshold level, 75% of the initial level, the payout will be par plus the absolute value of the fund return.

If the final level is less than the downside threshold level, investors will lose 1% for every 1% that the final level is less than the initial level.

Credit Suisse is the agent with UBS Financial Services Inc. as distributor.

The notes will price Sept. 26.

The Cusip number is 22549D186.

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