Published on 4/6/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $3.33 million trigger gears linked to S&P 500
By Marisa Wong
Morgantown, W.Va., April 6 – Credit Suisse AG, London Branch priced $3.33 million of 0% trigger gears due March 31, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.162 times any index gain.
Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index finishes below the 60% downside threshold level.
UBS Financial Services Inc. is the distributor.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Trigger gears
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Underlying index: | S&P 500 index
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Amount: | $3,327,510
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Maturity: | March 31, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 1.162 times any index gain; par if index falls by up to 40% and full exposure to any losses if index finishes below downside threshold
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Initial level: | 2,658.55
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Downside threshold: | 1,595.13, 60% of initial level
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Pricing date: | March 26
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Settlement date: | March 29
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Distributor: | UBS Financial Services Inc.
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Fees: | 3.5%
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Cusip: | 22549E697
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