Credit Suisse plans trigger performance securities tied to Russell 2000

By Jennifer Chiou

New York, Oct. 16 – Credit Suisse AG plans to price 0% trigger performance securities due Oct. 31, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 152% to 162% of the index return, with the exact participation rate to be determined at pricing.

Investors will receive par if the index falls by up to 50% and will be fully exposed to losses from the initial level if it falls by more than 50%.

The notes (Cusip: 22547T274) will price on Oct. 28 and settle on Oct. 31.

UBS Financial Services Inc. is the distributor.

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