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 2/6/2018 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $21.84 million capped trigger gears on Euro Stoxx

By Marisa Wong

Morgantown, W.Va., Feb. 6 – Credit Suisse AG, London Branch priced $21,841,050 of 0% capped trigger gears due Jan. 29, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 3 times any index gain, subject to a maximum return of 58.5%.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% downside threshold level.

UBS Financial Services Inc. is the distributor.

Issuer:Credit Suisse AG, London Branch
Issue:Capped trigger gears
Underlying index:Euro Stoxx 50 index
Amount:$21,841,050
Maturity:Jan. 29, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 3 times any index gain, capped at 58.5%; par if index falls by up to 25% and full exposure to any losses if index finishes below downside threshold
Initial level:3,643.04
Downside threshold:2,732.28, 75% of initial level
Pricing date:Jan. 29
Settlement date:Jan. 31
Distributor:UBS Financial Services Inc.
Fees:2.5%
Cusip:22549D855

© 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.