Credit Suisse plans capped gears tied to Financial Select Sector SPDR fund

By Wendy Van Sickle

Columbus, Ohio, Dec. 12 – Credit Suisse AG, London Branch plans to price 0% capped gears due Feb. 28, 2018 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes above its initial level, the payout at maturity will be par plus triple the gain, up to a maximum gain of 15% to 18%. The exact cap will be set at pricing.

If the fund return is negative, investors will lose 1% for each 1% decline.

UBS Financial Services Inc. is the agent.

The notes will price on Dec. 27.

The Cusip number is 22548T752.

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