New Issue: Credit Suisse sells $5.27 million capped gears tied to Financial Select

By Marisa Wong

Morgantown, W.Va., May 1 – Credit Suisse AG, London Branch priced $5.27 million of 0% capped gears due June 28, 2019 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is greater than zero, the payout at maturity will be par of $10 plus 3 times the ETF return, subject to a maximum gain of 18.25%.

Investors will be fully exposed to losses.

UBS Financial Services Inc. is the distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Capped gears
Underlying ETF:	Financial Select Sector SPDR fund
Amount:	$5,269,500
Maturity:	June 28, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the ETF return is greater than zero, par plus 3 times the ETF return, subject to maximum gain of 18.25%; full exposure to losses
Initial price:	$27.65
Pricing date:	April 25
Settlement date:	April 30
Distributor:	UBS Financial Services Inc.
Fees:	2%
Cusip:	22549M194

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