New Issue: Credit Suisse sells $8.89 million capped gears on iShares MSCI EM ETF

By William Gullotti

Buffalo, N.Y., Jan. 7 – Credit Suisse AG, London Branch priced $8.89 million of 0% capped gears due Jan. 31, 2023 linked to the iShares MSCI Emerging Markets ETF according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is greater than zero, the payout at maturity will be par of $10 plus triple the ETF return, capped at par plus 20.1%.

Investors will be fully exposed to losses.

UBS Financial Services Inc. is the distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Capped gears
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$8,891,000
Maturity:	Jan. 31, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the ETF return is greater than zero, par plus three times the ETF return, capped at par plus 20.1%; full exposure to losses
Initial ETF level:	$50.39
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Distributor:	UBS Financial Services Inc.
Fees:	2%
Cusip:	22551G614

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