New Issue: Credit Suisse sells $3.41 million step-down trigger autocallables on Russell, Stoxx

By Marisa Wong

Morgantown, W.Va., July 10 – Credit Suisse AG, London Branch priced $3.41 million of 0% step-down trigger autocallable notes due June 27, 2023 linked to the lowest performing of 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 11.55% per year if each index closes at or above its initial level on any annual observation date or at or above its 70% downside threshold on the final valuation date.

If the notes are not called, investors will be fully exposed to any losses of the worse performing index.

UBS Financial Services Inc. is the distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Step-down trigger autocallable notes
Underlying indexes:	Russell 2000, Euro Stoxx 50
Amount:	$3,405,000
Maturity:	June 27, 2023
Coupon:	0%
Price:	Par
Call:	At par plus a call return of 11.55% per year if each index closes at or above its initial level on any annual observation date or at or above its downside threshold on the final valuation date
Payout at maturity:	Full exposure to any losses of the worse performing index
Initial levels:	1,685.577 for Russell, 3,441.60 for Euro Stoxx
Downside thresholds:	1,179.904 for Russell, 2,409.12for Euro Stoxx; 70% of initial levels
Strike date:	June 22
Pricing date:	June 25
Settlement date:	June 28
Distributor:	UBS Financial Services Inc.
Fees:	None
Cusip:	22549M756

© 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.