Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
Credit Suisse to price trigger gears linked to S&P 500 index via UBS
By Angela McDaniels
Tacoma, Wash., March 29 – Credit Suisse AG, London Branch plans to price 0% trigger gears due April 30, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.8 to 2.0 times the index return. The exact upside gearing will be set at pricing. Investors will receive par if the index declines by 50% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 50%.
UBS Financial Services Inc. is acting as distributor.
The notes are expected to price April 26.
The Cusip number is 22548J861.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.