Published on 11/30/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $5.43 million capped trigger gears tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Nov. 30 – Credit Suisse AG, London Branch priced $5.43 million of 0% capped trigger gears due Nov. 30, 2021 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 double any index gain, up to a maximum gain of 35.25%.
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 level.
UBS Financial Services Inc. is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Capped trigger gears
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Underlying index: | S&P 500 index
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Amount: | $5,434,290
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Maturity: | Nov. 30, 2021
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus double any index gain, capped at 35.25%; par if index falls by up to 25% and full exposure to any losses if index finishes below downside threshold
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Initial level: | 2,682.17
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Downside threshold: | 2,011.63, 75% of initial level
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Pricing date: | Nov. 27
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Settlement date: | Nov. 30
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Agent: | UBS Financial Services Inc.
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Fees: | 2.5%
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Cusip: | 22549R805
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