New Issue: Credit Suisse prices $5 million trigger gears linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, April 3 – Credit Suisse AG, London Branch priced $5 million of 0% trigger gears due March 31, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par of $10 plus 2.0735 times the index return. Investors will receive par if the index declines by 30% or less and have one-to-one exposure to the index’s decline from its initial level if it declines by more than 30%.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger gears
Underlying index:	S&P 500
Amount:	$5 million
Maturity:	March 31, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is greater than zero, par plus 2.0735 times index return; par if index declines by 30% or less; full exposure to index’s decline from initial level if index declines by more than 30%
Initial level:	2,475.56
Downside threshold:	1,856.67, or 70% of initial level
Strike date:	March 25
Pricing date:	March 26
Settlement date:	March 31
Agents:	Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
Fees:	0.75%
Cusip:	22550V539

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