Credit Suisse to price trigger gears due 2021 tied to S&P Midcap 400

By Sarah Lizee

Olympia, Wash., Nov. 7 – Credit Suisse AG, London Branch plans to price 0% trigger gears due Nov. 30, 2021 tied to the S&P Midcap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.135 to 1.1525 times any index gain.

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 Nov. 27 and settle on Nov. 30.

The Cusip number is 22549R847.

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