New Issue: Credit Suisse sells $1.75 million bearish capped gears tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Oct. 20 – Credit Suisse AG, London Branch priced $1.75 million of 0% bearish capped gears due Oct. 23, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is less than the initial index level, the payout at maturity will be par of $10 plus 2% for every 1% that the index declines, subject to a maximum return of 34%. If the final index level is greater than the initial index level, investors will lose 1% for every 1% that the index increases.

UBS Financial Services Inc. is distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Bearish capped gears
Underlying index:	S&P 500 index
Amount:	$1.75 million
Maturity:	Oct. 23, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2% for every 1% that the index declines, subject to a maximum return of 34%; 1% loss for every 1% index gain
Initial level:	2,561.26
Pricing date:	Oct. 18
Settlement date:	Oct. 23
Distributor:	UBS Financial Services Inc.
Fees:	2%
Cusip:	22549D442

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