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Credit Suisse to price five-year trigger gears tied to S&P 500 index
By Tali Rackner
Norfolk, Va., May 12 – Credit Suisse AG, London Branch 0% trigger gears due May 28, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus the upside gearing of 1.57 times to 1.67 times. The exact upside gearing will be set at pricing.
Investors will receive par if the index declines by 25% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 25%.
Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.
The notes will price on May 25 and settle on May 31.
The Cusip number is 22548R327.
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