Published on 1/3/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse $1.86 million capped buffer gears linked to index basket
By Wendy Van Sickle
Columbus, Ohio, Jan. 3 – Credit Suisse, London Branch priced $1.86 million of 0% capped buffer gears due Dec. 31, 2021 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
If the basket finishes at or above its initial level, the payout at maturity will be par plus 2 times the basket gain, up to a maximum return of par plus 66.7%.
If the basket falls by no more than 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the basket beyond the 10% buffer.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Capped buffer gears
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| Underlying basket: | Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei 225 index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and Hang Seng index (5% weight)
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| Amount: | $1,863,500
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| Maturity: | Dec. 31, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket finishes at or above its initial level, par plus 2 times return up to maximum return of par plus 66.7%; if basket falls by up to 10%, par; otherwise, 1% loss for each 1% decline of basket beyond the 10% buffer
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| Initial levels: | 2,937.36 for Stoxx, 6,584.68 for FTSE, 20,077.62 for Nikkei, 8,195.64 for Swiss Market and 5,597.2 for S&P/ASX and 25,478.88 for Hang Seng
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| Pricing date: | Dec. 27
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| Settlement date: | Dec. 31
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 2%
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| Cusip: | 22549Y180
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