New Issue: Credit Suisse sells $9.26 million trigger gears linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 6 – Credit Suisse AG, London Branch priced $9.26 million of 0% trigger gears due April 30, 2029 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 1.8397 times the index gain. If the index finishes flat or falls by up to 35%, the payout will be par. Otherwise, investors will be fully exposed to the index decline from the initial level.

UBS Financial Services Inc. is the distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger gears
Underlying index:	S&P 500
Amount:	$9,258,640
Maturity:	April 30, 2029
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.8397 times any index gain; par if index finishes flat or falls by up to 35%; otherwise, full exposure to losses
Initial index level:	2,926.17
Downside threshold:	1,902.01, 65% of initial level
Pricing date:	April 25
Settlement date:	April 30
Distributor:	UBS Financial Services Inc.
Fees:	5%
Cusip:	22550F197

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