New Issue: Credit Suisse prices $3.79 million trigger performance notes tied to S&P MidCap 400

By Marisa Wong

Madison, Wis., June 30 – Credit Suisse AG, London Branch priced $3.79 million of 0% trigger performance securities due June 28, 2019 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 122% of any index gain.

If the index falls by up to the 75% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

UBS Financial Services Inc. is distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger performance securities
Underlying index:	S&P MidCap 400
Amount:	$3,785,950
Maturity:	June 28, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 122% of index return; par if index falls by up to 25%; full exposure to losses from initial level if index falls by more than 25%
Initial index level:	1,530.41
Trigger level:	1,147.81, 75% of initial level
Pricing date:	June 25
Settlement date:	June 30
Distributor:	UBS Financial Services Inc.
Fees:	None
Cusip:	22548F224

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.