New Issue: Credit Suisse sells $13.86 million trigger gears tied to Stoxx, S&P 500

By Susanna Moon

Chicago, Feb. 12 – Credit Suisse AG, London Branch priced $13.86 million of 0% capped trigger gears due Jan. 31, 2023 linked to the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its initial level, the payout at maturity will be par of $10 plus 2.37 times the gain of the worse performing index, up to a maximum return of 58.5%.

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

UBS Financial Services Inc. is the distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Capped trigger gears
Underlying indexes:	Euro Stoxx 50, S&P 500
Amount:	$13,863,000
Maturity:	Jan. 31, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 2.37 times any gain of worse performing index, capped at 58.5%; par if either index falls by up to 50% and full exposure to any losses of worse performing index if it finishes below downside threshold
Initial level:	3,643.04 for Stoxx, 2,853.53 for S&P
Downside threshold:	1,821.52 for Stoxx, 1,426.77 for S&P, 50% of initial level
Pricing date:	Jan. 29
Settlement date:	Jan. 31
Distributor:	UBS Financial Services Inc.
Fees:	3.5%
Cusip:	22549E101

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