New Issue: Credit Suisse sells $2.84 million trigger gears linked to S&P 500

By Susanna Moon

Chicago, Dec. 2 – Credit Suisse AG, London branch priced $2.84 million of 0% trigger gears due Nov. 30, 2021 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 1.3 times any index gain.

Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index finishes below the 60% trigger level.

UBS Financial Services Inc. is the agent.

Issuer:	Credit Suisse AG, London branch
Issue:	Trigger gears
Underlying index:	S&P 500
Amount:	$2,836,520
Maturity:	Nov. 30, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.3 times any index gain; par if index falls by up to 40% and full exposure to any losses beyond trigger level
Initial level:	2,201.72
Trigger level:	1,321.03, 60% of initial level
Pricing date:	Nov. 28
Settlement date:	Nov. 30
Agent:	UBS Financial Services Inc.
Fees:	3.5%
Cusip:	22548T471

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