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Credit Suisse plans three-year capped trigger gears tied to Russell
By Sarah Lizee
Olympia, Wash., May 7 – Credit Suisse AG, London Branch plans to price 0% trigger gears due May 31, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any index gain, up to a maximum return of 28.5% to 31.5%.
If the index falls by up to 25%, the payout will be par.
If the index finishes below the 75% downside threshold, investors will lose 1% for every 1% decline.
UBS Financial Services Inc. is the distributor.
The notes will price on May 28.
The Cusip number is 22550F385.
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