Published on 5/31/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $2.91 million trigger gears linked to Stoxx 50
By Sarah Lizee
Olympia, Wash., May 31 – Credit Suisse AG, London Branch priced $2.91 million of 0% trigger gears due May 31, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 3.925 times any index gain.
Investors will receive par if the index falls by up to 35% and will be fully exposed to any losses if the index finishes below the 65% downside threshold level.
UBS Financial Services Inc. is the distributor.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Trigger gears
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Underlying index: | Euro Stoxx 50
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Amount: | $2,906,000
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Maturity: | May 31, 2028
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 3.925 times any index gain; par if index falls by up to 35% and full exposure to any losses if index finishes below downside threshold
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Initial level: | 3428.14
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Downside threshold: | 2228.29, 65% of initial level
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Pricing date: | May 29
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Settlement date: | May 31
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Distributor: | UBS Financial Services Inc.
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Fees: | 5%
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Cusip: | 22549M442
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