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This paper proposes a general L\u00e9vy framework for pricing CoCos. The L\u00e9vy framework indicates that the difficulty in giving closed-form expression for CoCos price is the possible introduction of the L\u00e9vy process whose first-passage time problem has not been solved. According to characteristics of new L\u00e9vy measure after the measure transform, three specific L\u00e9vy models driven by drifted Brownian motion, spectrally negative L\u00e9vy process, and double exponential jump diffusion process are proposed to give the solution keeping the form of the driving process unchanged under the measure transform. These three L\u00e9vy models provide closed-form expressions for CoCos price while the latter two possess them up to Laplace transform, whose pricing results are given by combining with numerical Fourier inversion and Laplace inversion. Numerical results show that negative jumps have large influence on CoCos pricing and the Black-Scholes model would overestimate CoCos price by simply compressing jumps information into volatility while the other two models would give more accurate CoCos price by taking jump risk into 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