By Wendy Van Sickle
Columbus, Ohio, March 31 – Credit Suisse AG, London Branch priced $363,500 of 0% trigger performance securities due March 31, 2021 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus 206% of the fund return.
If the fund return is zero or negative and the fund’s final share price is greater than or equal to the trigger price, 75% of the initial share price, the payout will be par.
If the final share price is less than the trigger price, investors will be fully exposed to the decline in the fund from its initial share price.
Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Trigger performance securities
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| Underlying ETF: | iShares MSCI EAFE
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| Amount: | $363,500
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| Maturity: | March 31, 2021
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If fund return is positive, par plus 206% of fund return; par if index falls by up to 25%; full exposure to losses from initial level if index falls by more than 25%
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| Initial level: | $56.69
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| Trigger level: | $42.52, 75% of initial level
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| Pricing date: | March 28
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| Settlement date: | March 31
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| Agents: | Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
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| Fees: | 0.5%
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| Cusip: | 22548J697
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