New Issue: Credit Suisse sells $8.61 million buffer gears on the Dow

By Wendy Van Sickle

Columbus, Ohio, Oct. 2 – Credit Suisse AG, London Branch priced $8.61 million of 0% buffer gears due Oct. 2, 2023 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.12 times any index gain.

Investors will receive par if the index falls by up to 20% and lose 1% for every 1% decline beyond 20%.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffer gears
Underlying index:	Dow Jones industrial average
Amount:	$8,611,000
Maturity:	Oct. 2, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.12 times any index gain; par if the index falls by up to 20%; 1% loss for every 1% decline beyond 20%
Initial level:	26,439.93
Downside threshold:	21,151.944, 80% of initial level
Pricing date:	Sept. 27
Settlement date:	Oct. 1
Agents:	Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
Fees:	3.5%
Cusip:	22549R417

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