New Issue: Credit Suisse sells $3.9 million capped trigger gears tied to S&P 500

By William Gullotti

Buffalo, N.Y., Jan. 7 – Credit Suisse AG, London Branch priced $3.9 million of 0% capped trigger gears due Nov. 29, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, up to a maximum gain of 25%.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% downside threshold level.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Capped trigger gears
Underlying index:	S&P 500 index
Amount:	$3,900,420
Maturity:	Nov. 29, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any index gain, capped at 25%; par if index falls by up to 25%; otherwise, lose 1% for every 1% decline of index from initial level
Initial level:	4,701.46
Downside threshold:	3,526.1; 75% of initial level
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Agents:	UBS Financial Services Inc. and Credit Suisse Securities (USA) LLC
Fees:	2.5%
Cusip:	22551G622

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