Published on 10/29/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $7.65 million capped gears linked to S&P 500
By Sarah Lizee
Olympia, Wash., Oct. 29 – Credit Suisse AG, London Branch priced $7.65 million of 0% capped gears due Dec. 31, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 3 times the index return, capped at par plus 14.25%.
Investors will be fully exposed to losses.
UBS Financial Services Inc. is the distributor.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Capped gears
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Underlying index: | S&P 500
|
Amount: | $7,651,980
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Maturity: | Dec. 31, 2019
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Coupon: | 0%
|
Price: | Par of $10
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Payout at maturity: | If the index return is greater than zero, par plus 3 times the index return, capped at par plus 14.25%; full exposure to losses
|
Initial index level: | 2,658.69
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Pricing date: | Oct. 26
|
Settlement date: | Oct. 30
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Distributor: | UBS Financial Services Inc.
|
Fees: | 2%
|
Cusip: | 22549R458
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