Credit Suisse to price capped trigger gears tied to VanEck Vectors Oil

By Marisa Wong

Morgantown, W.Va., Dec. 18 – Credit Suisse AG, London Branch plans to price 0% capped trigger gears due Dec. 31, 2020 linked to the VanEck Vectors Oil Services exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is greater than zero, the payout at maturity will be par of $10 plus 2 times the ETF return, subject to a maximum gain of 57% to 60%. The exact cap will be set at pricing.

Investors will receive par if the ETF declines by 25% or less and be fully exposed to the ETF’s decline from its initial level if it declines by more than 25%.

UBS Financial Services Inc. is distributor.

The notes will price on Dec. 26.

The Cusip number is 22549D780.

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