New Issue: Credit Suisse prices $3.18 million trigger gears linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, June 4 – Credit Suisse AG, London Branch priced $3.18 million of 0% trigger gears due May 31, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.24 times the index return. Investors will receive par if the index declines by 25% or less and have one-to-one exposure to the index’s decline from its initial level if it declines by more than 25%.

Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger gears
Underlying index:	S&P 500
Amount:	$3,177,700
Maturity:	May 31, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is greater than zero, par plus 1.24 times index return; par if index declines by 25% or less; full exposure to index’s decline from initial level if index declines by more than 25%
Initial level:	2,991.77
Downside threshold:	2,243.83, or 75% of initial level
Pricing date:	May 26
Settlement date:	May 29
Agents:	Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
Fees:	0%
Cusip:	22550V604

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