New Issue: Credit Suisse prices $6.28 million trigger gears linked to index basket

By Sarah Lizee

Olympia, Wash., Oct. 3 – Credit Suisse, London Branch priced $6.28 million of 0% trigger gears due Sept. 30, 2024 linked to a 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 weight of 40%, the FTSE 100 index with a weight of 20%, the Nikkei Stock Average index with a weight of 20%, the Swiss Market index with a weight of 7.5%, the S&P/ASX 200 index with a weight of 7.5% and the Hang Seng index with a weight of 5%.

The payout at maturity will be par of $10 plus 2.95 times any basket gain.

If the basket falls but not below the 75% downside threshold, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

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 (20% weight), Nikkei index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and Hang Seng (5%)
Amount:	$6,278,540
Maturity:	Sept. 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If basket gains, par plus 2.95 times return; if basket falls but not below 75% downside threshold level, par; otherwise, 1% loss per 1% decline
Initial levels:	3,532.18 for Stoxx, 7,351.08 for FTSE, 22,048.24 for Nikkei, 10,010.71 for Swiss Market, 6,677.581 for S&P/ASX and 26,041.93 for Hang Seng
Pricing date:	Sept. 26
Settlement date:	Sept. 30
Agent:	UBS Financial Services Inc.
Fees:	3.5%
Cusip:	22550K269

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