Published on 7/1/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $9.19 million step-down trigger autocallables tied to Russell, Stoxx
By Susanna Moon
Chicago, July 1 – Credit Suisse AG, London Branch priced $9.19 million of 0% step-down trigger autocallable notes due June 28, 2019 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call return of 7.77% if each index closes at or above its initial level on the first or second observation date or at or above its 60% downside threshold on the final valuation date.
If the notes are not called, the payout at maturity will be par plus the return with full exposure to any losses of the worse performing index.
UBS Financial Services Inc. is the distributor.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Step-down trigger autocallable notes
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Underlying indexes: | Russell 2000, Euro Stoxx 50
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Amount: | $9,190,300
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Maturity: | June 28, 2019
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Coupon: | 0%
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Price: | Par of $10
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Call: | At par plus 7.77% if each index closes at or above its initial level on the first or second annual observation date after one year or at or above its 60% downside threshold on the final valuation date
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Payout at maturity: | Par plus return, with full exposure to losses of worse performing index
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Initial levels: | 1,107.298 for Russell, 2,758.67 for Stoxx
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Downside thresholds: | 664.379 for Russell, 1,655.20 for Stoxx; 60% of initial levels
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Pricing date: | June 28
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Settlement date: | June 30
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Distributor: | UBS Financial Services Inc.
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Fees: | 2.5%
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Cusip: | 22548R608
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