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Published on 2/5/2019 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $5.00 million capped gears linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 5 – Credit Suisse AG, London Branch priced $4,995,450 of 0% capped gears due March 31, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par of $10 plus 3 times the index return, capped at par plus 17.45%.

Investors will be fully exposed to losses.

UBS Financial Services Inc. is the distributor.

Issuer:Credit Suisse AG, London Branch
Issue:Capped gears
Underlying index:S&P 500
Amount:$4,995,450
Maturity:March 31, 2020
Coupon:0%
Price:Par of $10
Payout at maturity:If the index return is greater than zero, par plus 3 times the index return, capped at par plus 17.45%; full exposure to losses
Initial index level:2,643.85
Pricing date:Jan. 28
Settlement date:Jan. 31
Distributor:UBS Financial Services Inc.
Fees:2%
Cusip:22549Y446

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