Published on 9/10/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $3.23 million trigger gears linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Sept. 10 – Credit Suisse AG, London Branch priced $3.23 million of 0% trigger gears due Aug. 31, 2028 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 1.575 times any index gain.
Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index finishes below the 50% downside threshold level.
UBS Financial Services Inc. is distributor.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Trigger gears
|
Underlying index: | S&P 500
|
Amount: | $3,231,610
|
Maturity: | Aug. 31, 2028
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 1.575 times any index gain; par if the index falls by up to 50%; full exposure to any losses if the index finishes below the downside threshold
|
Initial level: | 2,897.52
|
Downside threshold: | 1,448.76, 50% of initial level
|
Pricing date: | Aug. 28
|
Settlement date: | Aug. 31
|
Distributor: | UBS Financial Services Inc.
|
Fees: | 5%
|
Cusip: | 22549R136
|
|
© 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.