New Issue: Credit Suisse prices $3.67 million capped gears on Financial Select Sector fund

By Marisa Wong

Morgantown, W.Va., Jan. 3 – Credit Suisse AG, London Branch priced $3.67 million of 0% capped gears due Feb. 28, 2018 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes above its initial level, the payout at maturity will be par plus triple the gain, up to a maximum gain of 16.3%.

Investors will be fully exposed to any fund decline.

UBS Financial Services Inc. is distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Capped gears
Underlying fund:	Financial Select Sector SPDR fund
Amount:	$3,666,900
Maturity:	Feb. 28, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any fund gain, up to a maximum gain of 16.4%; full exposure to losses
Initial price:	$23.61
Pricing date:	Dec. 27
Settlement date:	Dec. 30
Distributor:	UBS Financial Services Inc.
Fees:	2%
Cusip:	22548T752

© 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.