By Marisa Wong
Morgantown, W.Va., Oct. 7 – Credit Suisse AG, London Branch priced $6.1 million of 0% capped airbag gears due Nov. 3, 2017 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any ETF gain, subject to a maximum gain of 13.3%
Investors will receive par if the ETF falls by up to 10% and will lose 1.11% for each 1% decline beyond 10%.
UBS Financial Services Inc. is the distributor.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Capped airbag gears
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| Underlying ETF: | iShares MSCI EAFE ETF
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| Amount: | $6.1 million
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| Maturity: | Nov. 3, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF return is greater than zero, par plus 2 times ETF return, capped at 13.3%; par if ETF declines by 10% or less; 1.11% loss for every 1% that ETF may decline beyond 10%
|
| Initial ETF level: | $58.99
|
| Strike date: | Sept. 27
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 4
|
| Distributor: | UBS Financial Services Inc.
|
| Fees: | 0.5%
|
| Cusip: | 22548T299
|
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