New Issue: Credit Suisse prices $2.21 million trigger gears tied to S&P Midcap 400

By Susanna Moon

Chicago, Dec. 27 – Credit Suisse AG, London Branch priced $2.21 million of 0% trigger gears due Nov. 30, 2021 linked to the S&P Midcap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the 1.16 times the gain.

If the index falls by up to the 75% downside threshold, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger gears
Underlying asset:	S&P Midcap 400 index
Amount:	$2,209,530
Maturity:	Nov. 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 1.16 times the return; if index falls by up to 25%, par; otherwise, 1% loss per 1% decline
Initial level:	1,833.08
Downside threshold:	1,374.81, 75% of initial level
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Agents:	Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
Fees:	None
Cusip:	22549R847

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