Published on 10/8/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $2.54 million 10-year trigger gears tied to Stoxx
By Susanna Moon
Chicago, Oct. 31 – Credit Suisse AG, London Branch priced $2.54 million of 0% trigger gears due Sept. 28, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the 4 times the gain.
If the index falls by up to the 65% downside threshold, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
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 asset: | Euro Stoxx 50 index
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Amount: | $2,542,000
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Maturity: | Sept. 28, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 4 times the return; if index falls by up to 35%, par; otherwise, 1% loss per 1% decline
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Initial level: | 3,433.15
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Downside threshold: | 2,231.55, 65% of initial level
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Pricing date: | Sept. 26
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Settlement date: | Sept. 28
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Agent: | UBS Financial Services Inc.
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Fees: | 5%
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Cusip: | 22549R318
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