New Issue: Credit Suisse sells $1.79 million capped trigger gears on health care fund

By Wendy Van Sickle

Columbus, Ohio, Oct. 31 – Credit Suisse AG, London Branch priced $1.79 million of 0% capped trigger gears due Nov. 2, 2018 linked to the Health Care Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is greater than zero, the payout at maturity will be par of $10 plus 1.5 times the fund return, subject to a maximum return of 22.5%. Investors will receive par if the fund declines by 20% or less and be fully exposed to the fund’s decline from its initial level if it declines by more than 20%.

UBS Financial Services Inc. is acting as distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Capped trigger gears
Underlying fund:	Health Care Select Sector SPDR Fund
Amount:	$1.79 million
Maturity:	Nov. 2, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any fund gain, capped at 22.5%; par if fund declines by 20% or less; full exposure to loss if fund falls beyond 20%
Initial level:	$69.28
Trigger level:	$55.42, 80% of initial level
Pricing date:	Oct. 27
Settlement date:	Oct. 31
Agent:	UBS Financial Services Inc.
Fees:	2%
Cusip:	22548T463

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