Credit Suisse plans 14-month capped gears tied to emerging markets ETF

By Tali Rackner

Norfolk, Va., May 12 – Credit Suisse AG, London Branch plans to price 0% capped gears due July 31, 2017 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is zero or positive, the payout at maturity will be par of $10 plus the upside gearing of 3 times, subject to a maximum gain of 23% to 25%. The exact cap will be set at pricing.

If the ETF return is negative, investors will be fully exposed to the fund’s decline from its initial level.

UBS Financial Services Inc. is the distributor.

The notes will price on May 25 and settle on May 31.

The Cusip number is 22548R293.

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