By William Gullotti
Buffalo, N.Y., Sept. 1 – Credit Suisse AG, London Branch priced $10.33 million of 0% trigger gears due Aug. 29, 2031 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.26 times any index gain.
Investors will receive par if the index declines by 35% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 35%.
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 index
|
| Amount: | $10,325,680
|
| Maturity: | Aug. 29, 2031
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.26 times any index gain; par if index declines by 35% or less; full exposure to the index’s decline from its initial level if it declines by more than 35%
|
| Initial level: | 4470.0
|
| Downside threshold: | 2905.50; 65% of initial level
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agents: | Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
|
| Fees: | 5%
|
| Cusip: | 22552Y739
|
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