New Issue: Credit Suisse sells $4.32 million capped gears on iShares MSCI EM ETF

By Kiku Steinfeld

Chicago, May 17 – Credit Suisse AG, London Branch priced $4.32 million of 0% capped gears due June 30, 2022 linked to the iShares MSCI Emerging Markets ETF 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, capped at par plus 16.6%.

Investors will be fully exposed to losses.

UBS Financial Services Inc. is the distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Capped gears
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$4,317,440
Maturity:	June 30, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the ETF return is greater than zero, par plus 3 times the ETF return, capped at par plus 16.6%; full exposure to losses
Initial ETF level:	$54.67
Pricing date:	April 27
Settlement date:	April 30
Distributor:	UBS Financial Services Inc.
Fees:	2%
Cusip:	22551F830

© 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.