By Marisa Wong
Morgantown, W.Va., Oct. 3 – Credit Suisse AG, London Branch priced $5.17 million of 0% trigger absolute return step securities due Sept. 30, 2022 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final fund level is greater than or equal to the initial level, the payout at maturity will be par of $10 plus the greater of the 25% step return and the fund return.
If the final fund level is less than the initial level but greater than or equal to the downside threshold level, 75% of the initial level, the payout will be par plus the absolute value of the fund return.
If the final level is less than the downside threshold level, investors will lose 1% for every 1% that the final level is less than the initial level.
UBS Financial Services Inc. is distributor.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Trigger absolute return step securities
|
| Underlying ETF: | iShares MSCI EAFE ETF
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| Amount: | $5,165,360
|
| Maturity: | Sept. 30, 2022
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the final fund level is greater than or equal to the initial level, par plus the greater of 25% and the fund return; if the final fund level is less than the initial level but greater than or equal to the downside threshold level, par plus the absolute value of the fund return; if the final level is less than the downside threshold level, 1% loss for every 1% that the final level is less than the initial level
|
| Initial price: | $67.85
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| Downside threshold: | $50.89, 75% of initial price
|
| Pricing date: | Sept. 26
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| Settlement date: | Sept. 29
|
| Distributor: | UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 22549D186
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