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Credit Suisse plans 10-year trigger gears linked to S&P 500 index
By Marisa Wong
Morgantown, W.Va., May 13 – Credit Suisse AG, London Branch 0% trigger gears due May 29, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 1.58 to 1.78 times the index return. The exact upside gearing will be set at pricing.
Investors will receive par if the index declines by 50% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 50%.
UBS Financial Services Inc. is the distributor.
The notes will price May 25 and settle May 31.
The Cusip number is 22548R301.
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