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 9/30/2016 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $3.79 million capped buffer gears tied to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 30 – Credit Suisse AG, London Branch priced $3.79 million of 0% capped buffer gears due Sept. 28, 2018 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 two times the index return, subject to a maximum return of 17.8%. Investors will receive par if the index declines by 10% or less and lose 1% for every 1% that the index may decline beyond 10%.

UBS Financial Services Inc. is acting as distributor.

Issuer:Credit Suisse AG, London Branch
Issue:Capped buffer gears
Underlying index:S&P 500
Amount:$3,785,000
Maturity:Sept. 28, 2018
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus two times index return, subject to 17.8% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial index level:2,159.93
Pricing date:Sept. 27
Settlement date:Sept. 30
Distributor:UBS Financial Services Inc.
Fees:2%
Cusip:22548T141

© 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.