Published on 8/2/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $5.30 million capped trigger gears on Russell 2000
By Marisa Wong
Morgantown, W.Va., Aug. 2 – Credit Suisse AG, London Branch priced $5.30 million of 0% capped trigger gears due July 31, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 2 times the index return, subject to a maximum gain of 31.8%.
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 distributor.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Capped trigger gears
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Underlying index: | Russell 2000
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Amount: | $5,300,500
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Maturity: | July 31, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 2 times any index gain, capped at 31.8%; 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: | 1,442.279
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Downside threshold: | 1,081.709, 75% of initial level
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Pricing date: | July 26
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Settlement date: | July 31
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Distributor: | UBS Financial Services Inc.
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Fees: | 2.5%
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Cusip: | 22549C477
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