Published on 9/18/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $1.28 million capped buffer gears on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Sept. 18 – Credit Suisse AG, London Branch priced $1.28 million of 0% capped buffer gears due Feb. 28, 2020 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 double any index gain, up to a maximum return of 35.5%.
Investors will receive par if the index falls by up to 10% and lose 1% for every 1% decline beyond 10%.
Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Capped buffer gears
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Underlying index: | Euro Stoxx 50
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Amount: | $1,281,000
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Maturity: | Feb. 28, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, capped at 35.5%; par if the index falls by up to 10%; 1% loss for every 1% decline beyond 10%
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Initial level: | 3,456.13
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Downside threshold: | 3,110.52, 90% of initial level
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Pricing date: | Aug. 29
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Settlement date: | Aug. 31
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Agents: | Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
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Fees: | None
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Cusip: | 22549R144
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