E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/7/2018 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $1.21 million trigger gears linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 7 – Credit Suisse AG, London Branch priced $1,207,570 of 0% trigger gears due Jan. 29, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.225 times any index gain.

Investors will receive par if the index falls by up to 20% and will be fully exposed to any losses if the index finishes below the 80% downside threshold level.

Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.

Issuer:Credit Suisse AG, London Branch
Issue:Trigger gears
Underlying index:S&P 500 index
Amount:$1,207,570
Maturity:Jan. 29, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 1.225 times any index gain; par if index falls by up to 20% and full exposure to any losses if index finishes below downside threshold
Initial level:2,872.87
Downside threshold:2,298.30, 80% of initial level
Pricing date:Jan. 26
Settlement date:Jan. 31
Agents:Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
Fees:None
Cusip:22549D863

© 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.