Published on 5/1/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $1.21 million capped gears on SPDR S&P Oil & Gas
By Marisa Wong
Morgantown, W.Va., May 1 – Credit Suisse AG, London Branch priced $1.21 million of 0% capped gears due June 28, 2019 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is greater than zero, the payout at maturity will be par of $10 plus 3 times the ETF return, subject to a maximum gain of 28%.
Investors will be fully exposed to losses.
UBS Financial Services Inc. is the distributor.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Capped gears
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Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production ETF
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Amount: | $1,206,000
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Maturity: | June 28, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the ETF return is greater than zero, par plus 3 times the ETF return, subject to maximum gain of 28%; full exposure to losses
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Initial price: | $39.12
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Pricing date: | April 25
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Settlement date: | April 30
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Distributor: | UBS Financial Services Inc.
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Fees: | 2%
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Cusip: | 22549M202
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