New Issue: Credit Suisse sells $2.53 million trigger gears tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Jan. 3 – Credit Suisse AG, London Branch priced $2.53 million of 0% trigger gears due Dec. 29, 2023 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 1.365 times any index gain.

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.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger gears
Underlying index:	S&P 500 index
Amount:	$2,525,820
Maturity:	Dec. 29, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.365 times any index gain; par if index falls by up to 40% and full exposure to any losses if index finishes below downside threshold
Initial level:	2,467.7
Downside threshold:	1,480.62, 60% of initial level
Pricing date:	Dec. 26
Settlement date:	Dec. 31
Agent:	UBS Financial Services Inc.
Fees:	3.5%
Cusip:	22549Y164

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