New Issue: Credit Suisse prices $4.5 million trigger gears linked to S&P 500

By Angela McDaniels

Tacoma, Wash., May 31 – Credit Suisse AG, London Branch priced $4.5 million of 0% trigger gears due May 28, 2021 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 1.5 times the index return. Investors will receive par if the index declines by 25% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 25%.

UBS Financial Services Inc. is acting as distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger gears
Underlying index:	S&P 500
Amount:	$4,501,250
Maturity:	May 28, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is greater than zero, par plus 1.5 times index return; par if index return is less than or equal to zero and final index level is greater than or equal to downside threshold; full exposure to index’s decline from initial level if index finishes below downside threshold
Initial index level:	2,090.54
Downside threshold:	1,576.91, 75% of initial level
Pricing date:	May 25
Settlement date:	May 31
Distributor:	UBS Financial Services Inc.
Fees:	3.5%
Cusip:	22548R319

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