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Credit Suisse to price trigger gears due 2029 tied to S&P 500 index
By Kristen Daniels
New York, Jan. 25 – Credit Suisse AG, London Branch plans to price 0% trigger gears due Jan. 31, 2029 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 1.9 to 1.95 times any index gain.
Investors will receive par if the index falls by up to 35% and will be fully exposed to any losses if the index finishes below the 65% downside threshold level.
UBS Financial Services Inc. is the agent.
The notes will price on Jan. 28.
The Cusip number is 22549Y560.
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