Credit Suisse plans 10-year trigger gears with leverage tied to S&P 500

By Susanna Moon

Chicago, Sept. 2 – Credit Suisse AG, London Branch plans to price 0% trigger gears due Sept. 30, 2026 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 1.65 times to 1.85 times any index gain, with the exact upside gearing to be set at pricing.

Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index finishes below the 50% downside threshold.

UBS Financial Services Inc. is the distributor.

The notes will price on Sept. 27 and settle on Sept. 30.

The Cusip number is 22548T133.

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