New York, Mach 16 – Credit Suisse AG, London Branch priced $5.05 million of 0% trigger absolute return autocallable notes due March 12, 2020 linked to CSX Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 13% if CSX shares close at or above its initial level on any quarterly observation date.
If the stock finishes at or above the 70% downside threshold, the payout at maturity will be par plus the absolute value of the stock return.
Otherwise, investors will lose 1% for each 1% decline.
UBS Financial Services Inc. is the distributor.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Trigger absolute return autocallable notes
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| Underlying stock: | CSX Corp. (Symbol: CSX)
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| Amount: | $5,053,000
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| Maturity: | March 12, 2020
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | If stock finishes at or above downside threshold, par plus absolute value of stock return; otherwise, full exposure to any losses
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| Call: | At par plus 13% annualized if CSX shares close at or above initial level on any quarterly observation date
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| Initial share price: | $58.00
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| Downside threshold: | $40.60, 70% of initial level
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| Pricing date: | March 9
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| Settlement date: | March 14
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| Distributor: | UBS Financial Services Inc.
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| Fees: | 1.5%
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| Cusip: | 22549E770
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