By Wendy Van Sickle
Columbus, Ohio, Dec. 31 – Credit Suisse AG, London branch priced $2.78 million of 0% trigger performance securities due Dec. 31, 2020 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus 165% of the return.
If the fund return is zero or negative and the final level is greater than or equal to the trigger level, 75% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the fund from its initial level.
Credit Suisse Securities (USA) LLC is the agent. UBS Financial Services Inc. is the dealer.
| Issuer: | Credit Suisse AG, London branch
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| Issue: | Trigger performance securities
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| Underlying fund: | iShares MSCI EAFE ETF
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| Amount: | $2.78 million
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| Maturity: | Dec. 31, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 165% of any fund gain; par if fund falls by up to 25%; full exposure to any losses if fund falls by more than 25%
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| Initial price: | $59.29
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| Trigger level: | $44.47, 75% of initial level
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| Pricing date: | Dec. 28
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| Settlement date: | Dec. 31
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| Agents: | Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
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| Fees: | 3.5%
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| Cusip: | 22548J168
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