By Wendy Van Sickle
Columbus, Ohio, Oct. 29 – Credit Suisse AG, London Branch priced $3.45 million of 0% trigger step securities due Oct. 31, 2025 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the index return and the step return of 59.5%.
Investors will receive par if the index declines by 23.48% or less and will lose 1% for each 1% decline from its initial level if the index falls more than 23.48%.
UBS Financial Services Inc. is distributor.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Trigger step securities
|
| Underlying index: | Euro Stoxx Banks
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| Amount: | $3,450,500
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| Maturity: | Oct. 31, 2025
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is zero or positive, par plus greater of 59.5% and return; par if index declines by up to 23.48%; 1% loss for each 1% decline if index falls beyond 23.48%
|
| Initial level: | 102.03
|
| Downside threshold: | 76.52% of initial level
|
| Pricing date: | Oct. 27
|
| Settlement date: | Oct. 29
|
| Distributor: | UBS Financial Services Inc.
|
| Fees: | 3%
|
| Cusip: | 22551G440
|
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