Published on 1/4/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $2.06 million capped trigger gears on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Jan. 4 – Credit Suisse AG, London Branch priced $2.06 million of 0% capped trigger gears due Dec. 31, 2019 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 triple any index gain, up to a maximum return of 67.25%.
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.
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 trigger gears
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Underlying index: | Euro Stoxx 50
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Amount: | $2,058,500
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Maturity: | Dec. 31, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 3 times any index gain, capped 67.25%; par if index declines by 25% or less; full exposure to loss if index falls beyond 25%
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Initial level: | 3,278.72
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Downside threshold: | 2,459.04, 75% of initial level
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Pricing date: | Dec. 28
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Settlement date: | Dec. 30
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Agents: | Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
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Fees: | 0.5%
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Cusip: | 22548T778
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