New Issue: Credit Suisse prices $8.19 million trigger gears on index basket

By Wendy Van Sickle

Columbus, Ohio, July 5 – Credit Suisse AG, London Branch priced $8.19 million of 0% trigger gears due June 30, 2027 linked to an unequally-weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 17.5% weight, the Nikkei 225 index with a 25% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.

If the basket return is greater than zero, the payout at maturity will be par of $10 plus 2.375 times the basket return.

Investors will receive par if the basket declines by 25% or less and be fully exposed to the basket’s decline from its initial level if it declines by more than 25%.

UBS Financial Services Inc. is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger gears
Underlying basket:	Euro Stoxx 50 index (40% weight), FTSE 100 index (17.5% weight), Nikkei 225 index (25% weight), Swiss Market index (10% weight), S&P/ASX 200 index (7.5% weight)
Amount:	$8,187,550
Maturity:	June 30, 2027
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 2.375 times any basket gain; par if basket declines by 25% or less; full exposure to basket’s decline from its initial level if it declines by more than 25%
Initial levels:	3,549.29 for Stoxx, 7,323.41 for FTSE, 27,049.47 for Nikkei, 10,809.57 for Swiss, 6,763.641for S&P/ASX
Barrier level:	75% of initial level
Pricing date:	June 27
Settlement date:	June 30
Underwriter:	UBS Financial Services Inc.
Fees:	3.5%
Cusip:	22552K101

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