Published on 1/31/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $2.68 million trigger gears tied to Euro Stoxx
By Sarah Lizee
Olympia, Wash., Jan. 31 – Credit Suisse AG, London Branch priced $2.68 million of 0% trigger gears due Jan. 31, 2029 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 4.24 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 agent.
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: | $2,682,730
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Maturity: | Jan. 31, 2029
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 4.24 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: | 3,153.42
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Downside threshold: | 2,049.72, 65% of initial level
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Pricing date: | Jan. 29
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Settlement date: | Jan. 31
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Agent: | UBS Financial Services Inc.
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Fees: | 5%
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Cusip: | 22549Y479
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