New Issue: Credit Suisse prices $2.39 million capped trigger gears on oil ETF

By Wendy Van Sickle

Columbus, Ohio, Dec. 29 – Credit Suisse AG, London Branch priced $2.39 million of 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 59%.

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.

Issuer:	Credit Suisse AG, London Branch
Issue:	Capped trigger gears
Underlying ETF:	VanEck Vectors Oil Services ETF
Amount:	$2,394,000
Maturity:	Dec. 31, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 2 times any ETF gain, capped at 59%; par if ETF falls by up to 25% and full exposure to any losses if ETF finishes below downside threshold
Initial price:	$26.07
Downside threshold:	$1.955, 75% of initial price
Pricing date:	Dec. 26
Settlement date:	Dec. 29
Distributor:	UBS Financial Services Inc.
Fees:	2%
Cusip:	22549D780

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