By Wendy Van Sickle
Columbus, Ohio, May 18 – Credit Suisse AG, London Branch priced $1.25 million of 0% trigger gears due May 17, 2021 linked to the Energy Select Sector SPDR fund, according to an 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus the upside gearing of 1.485 times.
Investors will receive par if the fund declines by 25% or less and be fully exposed to the fund’s decline from its initial level if it declines by more than 25%.
UBS Financial Services Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger gears
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| Underlying fund: | Energy Select Sector SPDR
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| Amount: | $1.25 million
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| Maturity: | May 17, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | Par plus 1.485 times any fund gain; par if fund declines by 25% or less; full exposure to loss if fund falls beyond 25%
|
| Initial price: | $65.02
|
| Downside threshold: | $48.77, 75% of initial price
|
| Pricing date: | May 13
|
| Settlement date: | May 18
|
| Agent: | UBS Financial Services Inc.
|
| Fees: | 3%
|
| Cusip: | 22548R392
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