Published on 12/27/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $18.53 million capped gears tied to S&P Midcap 400
By Susanna Moon
Chicago, Dec. 27 – Credit Suisse AG, London Branch priced $18.53 million of 0% capped gears due Jan. 30, 2020 linked to the Vanguard FTSE Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the underlying fund finishes at or above its initial level, the payout at maturity will be par of $10 plus the triple the gain up to a maximum return of 19.5%.
Otherwise, investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Capped gears
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Underlying asset: | Vanguard FTSE Emerging Markets ETF
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Amount: | $18,525,000
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Maturity: | Jan. 30, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If fund gains, par plus 3 times return capped at 19.5%; otherwise, 1% loss per 1% decline
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Initial level: | $39.14
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Pricing date: | Nov. 27
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Settlement date: | Nov. 30
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Agents: | Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
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Fees: | 2%
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Cusip: | 22549Y123
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