New Issue: Credit Suisse prices $18.53 million capped gears tied to S&P Midcap 400

By Susanna Moon

Chicago, Dec. 27 – Credit Suisse AG, London Branch priced $18.53 million of 0% capped gears due Jan. 30, 2020 linked to the Vanguard FTSE Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the underlying fund finishes at or above its initial level, the payout at maturity will be par of $10 plus the triple the gain up to a maximum return of 19.5%.

Otherwise, investors will be exposed to any losses.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Capped gears
Underlying asset:	Vanguard FTSE Emerging Markets ETF
Amount:	$18,525,000
Maturity:	Jan. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If fund gains, par plus 3 times return capped at 19.5%; otherwise, 1% loss per 1% decline
Initial level:	$39.14
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Agents:	Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
Fees:	2%
Cusip:	22549Y123

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