Published on 5/10/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $4.33 million capped buffer gears on Russell
By Marisa Wong
Morgantown, W.Va., May 10 – Credit Suisse AG, London Branch priced $4.33 million of 0% capped buffer gears due April 30, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 18%.
Investors will receive par if the index falls by up to 10% and lose 1% for every 1% decline beyond 10%.
UBS Financial Services Inc. is distributor.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Capped buffer gears
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Underlying index: | Russell 2000
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Amount: | $4,328,000
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Maturity: | April 30, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, capped at 18%; par if the index falls by up to 10%; 1% loss for every 1% decline beyond 10%
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Initial level: | 1,575.612
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Downside threshold: | 1,418.051, 90% of initial level
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Pricing date: | April 25
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Settlement date: | April 30
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Distributor: | UBS Financial Services Inc.
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Fees: | 2%
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Cusip: | 22550F138
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