Credit Suisse plans trigger gears linked to Energy Select Sector fund

By Angela McDaniels

Tacoma, Wash., March 29 – Credit Suisse AG, London Branch plans to price 0% trigger gears due April 30, 2021 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is greater than zero, the payout at maturity will be par of $10 plus 1.5 to 1.6 times the fund return. The exact upside gearing will be set at pricing. Investors will receive par if the fund declines by 25% or less and be fully exposed to the fund’s decline from its initial level if it declines by more than 25%.

UBS Financial Services Inc. is acting as distributor.

The notes are expected to price April 26.

The Cusip number is 22548J879.

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