Published on 5/16/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $3.19 million step-down trigger autocalls on EM index, Stoxx
By Sarah Lizee
Olympia, Wash., May 16 – Credit Suisse AG, London Branch priced $3.19 million of 0% step-down trigger autocallable notes due May 14, 2024 linked to the lowest performing of the MSCI Emerging Markets 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 8.65% per year if each index closes at or above its initial level on any quarterly observation date or at or above its 60% 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.
Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Step-down trigger autocallable notes
|
Underlying indexes: | MSCI Emerging Markets, Euro Stoxx 50
|
Amount: | $3,194,000
|
Maturity: | May 14, 2024
|
Coupon: | 0%
|
Price: | Par
|
Call: | At par plus a call return of 8.65% per year if each index closes at or above its initial level on any quarterly 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: | 3,361.05 for Stoxx, 1,033.44 for EM
|
Downside thresholds: | 2,016.63 for Stoxx, 620.06 for EM; 60% of initial levels
|
Pricing date: | May 10
|
Settlement date: | May 15
|
Distributor: | Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
|
Fees: | None
|
Cusip: | 22550F427
|
© 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.