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

By Sarah Lizee

Olympia, Wash., Dec. 11 – Credit Suisse AG, London Branch plans to price 0% capped trigger gears due Dec. 31, 2021 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 double any index gain, capped at par plus 42% to 45%.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% downside threshold level.

Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.

The notes will price on Dec. 26 and settle on Dec. 31.

The Cusip number is 22549Y222.

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