E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/19/2022 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $762,400 capped Gears on EM ETF

By Kiku Steinfeld

Chicago, Dec. 19 – Credit Suisse AG, London Branch priced $762,400 of 0% capped Gears due June 30, 2023 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange.

The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum return of 21.75%.

Investors will be fully exposed to any fund decline.

UBS Financial Services Inc. is acting as the distributor.

Issuer:Credit Suisse AG, London Branch
Issue:Capped Gears
Underlying ETF:iShares MSCI Emerging Markets ETF
Amount:$762,400
Maturity:June 30, 2023
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus triple any fund gain, up to a maximum return of 21.75%; otherwise, full exposure to decline
Initial share price:$41.15
Pricing date:April 27
Settlement date:April 29
Distributor:UBS Financial Services Inc.
Fees:1%
Cusip:22552J492

© 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.