New Issue: Credit Suisse prices $8.09 million trigger step securities on S&P 500

By William Gullotti

Buffalo, N.Y., May 18 – Credit Suisse AG, London Branch priced $8.09 million of 0% trigger step securities due May 18, 2027 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index finishes at or above initial level, the payout at maturity will be par of $10 plus the greater of the index’s return and 40%.

Investors will receive par if the index falls by up to 25%. Otherwise, investors will lose 1% for every 1% decline of the index from its initial level.

UBS Financial Services Inc. is the distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger step securities
Underlying index:	S&P 500 index
Amount:	$8,091,420
Maturity:	May 18, 2027
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index finishes at or above initial level, par plus the greater of the index’s return and 40%; par if the index falls by up to 25%; otherwise, full exposure to the index’s decline from its initial level
Initial index level:	4,023.89
Downside threshold:	3,017.92; 75% of initial level
Pricing date:	May 13
Settlement date:	May 18
Distributor:	UBS Financial Services Inc.
Fees:	3.5%
Cusip:	22552J526

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