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Credit Suisse plans 10-year capped trigger gears tied to Stoxx 50
By Susanna Moon
Chicago, Jan. 10 – Credit Suisse AG, London Branch plans to price 0% trigger gears due Jan. 31, 2029 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 4.24 times to 4.39 times any index gain, with the exact participation rate to be set at pricing.
If the index falls by up to 30%, the payout will be par.
If the index finishes below the 70% downside threshold, investors will lose 1% for every 1% decline.
UBS Financial Services Inc. is the distributor.
The notes will price on Jan. 29 and settle on Jan. 31.
The Cusip number is 22549Y479.
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