Published on 9/30/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $6.11 million capped trigger gears on S&P 500 index
By Devika Patel
Knoxville, Tenn., Sept. 30 – Credit Suisse AG, London Branch, priced $6,108,380 of 0% capped trigger gears due Sept. 30, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus the upside gearing of 2 times the gain, subject to a maximum return of 34.5%.
If the index falls but finishes at or above the 75% trigger level, the payout will be par.
If the index falls by more than 25%, investors will lose 1% for each 1% decline.
UBS Financial Services Inc. is the agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Capped trigger gears
|
Underlying index: | S&P 500
|
Amount: | $6,108,380
|
Maturity: | Sept. 30, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 2 times any index gain, capped at 34.5%; par if index declines by 25% or less; 1% loss for each 1% decline if index falls beyond 25%
|
Initial level: | 2,159.93
|
Trigger level: | 1,619.95, 75% of initial level
|
Pricing date: | Sept. 27
|
Settlement date: | Sept. 30
|
Agent: | UBS Financial Services Inc.
|
Fees: | 2.5%
|
Cusip: | 22548T109
|
|
© 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.