Credit Suisse plans five-year trigger performance notes linked to S&P

By Susanna Moon

Chicago, Jan. 5 – Credit Suisse AG, London branch plans to price 0% trigger performance securities due Jan. 29, 2021 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 140% to 150% of any index gain, with the exact participation rate to be set at pricing.

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.

Credit Suisse Securities (USA) LLC is the underwriter. UBS Financial Services Inc. is agent.

The notes will price on Jan. 26 and settle on Jan. 29.

The Cusip number is 22548J382.

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