New Issue: Credit Suisse sells $9.16 million trigger step securities on S&P 500, Russell 2000

By William Gullotti

Buffalo, N.Y., Sept. 1 – Credit Suisse AG, London Branch priced $9.16 million of 0% trigger step securities due Aug. 31, 2026 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the laggard index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the laggard index’s return and 31%.

Investors will receive par if the laggard index falls by up to 25%. Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.

UBS Financial Services Inc. is the distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger step securities
Underlying indexes:	S&P 500 index and Russell 2000 index
Amount:	$9,162,930
Maturity:	Aug. 31, 2026
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the laggard index finishes at or above the initial level, par plus the greater of the laggard index’s return and 31%; par if the laggard index falls by up to 25%; full exposure to losses if the laggard index finishes below the 75% downside threshold level
Initial index levels:	4,470.0 for S&P, 2,213.979 for Russell
Downside thresholds:	3,352.5 for S&P, 1,660.484 for Russell; 75% of initial levels
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Distributor:	UBS Financial Services Inc.
Fees:	3.5%
Cusip:	22552Y754

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