Credit Suisse plans five-year capped trigger gears tied to S&P 500

By Susanna Moon

Chicago, March 23 – Credit Suisse AG, London Branch plans to price 0% capped trigger gears due March 31, 2023 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 1.0385 to 1.1385 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 40% and will be fully exposed to any losses if the index finishes below the 60% downside threshold level.

UBS Financial Services Inc. is the agent.

The notes will price on March 26.

The Cusip number is 22549E697.

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