New Issue: Credit Suisse prices $3 million trigger return optimization notes linked to S&P 500

By Susanna Moon

Chicago, Dec. 28 – Credit Suisse AG, London Branch priced $3 million of trigger return optimization securities due Dec. 31, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus double the index gain, up to a maximum return of 73%.

If the index falls by up to the 75% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

UBS Financial Services Inc. is acting as distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger return optimization securities
Underlying index:	S&P 500
Amount:	$3 million
Maturity:	Dec. 31, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 73%; if index falls by up to 25%, par; otherwise, full exposure to any losses
Initial level:	2,064.29
Trigger level:	1,548.22, 75% of initial level
Pricing date:	Dec. 23
Settlement date:	Dec. 29
Distributor:	UBS Financial Services Inc.
Fees:	3.5%
Cusip:	22548J333

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