Credit Suisse plans capped trigger gears linked to health-care fund

By Angela McDaniels

Tacoma, Wash., Oct. 25 – Credit Suisse AG, London Branch plans to price 0% capped trigger gears due Nov. 2, 2018 linked to the Health Care Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is greater than zero, the payout at maturity will be par of $10 plus 1.5 times the fund return, subject to a maximum return that is expected to be 21.5% to 22.5% and will be set at pricing. Investors will receive par if the fund declines by 20% or less and be fully exposed to the fund’s decline from its initial level if it declines by more than 20%.

UBS Financial Services Inc. is acting as distributor.

The notes are expected to price Oct. 27.

The Cusip number is 22548T463.

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