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Credit Suisse to price capped trigger gears tied to Russell 2000
By Marisa Wong
Morgantown, W.Va., July 25 – Credit Suisse AG, London Branch plans to price 0% capped trigger gears due July 31, 2020 linked to the Russell 2000 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 times the index return, subject to a maximum gain of 30.5% to 34.5%. The exact cap 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%.
UBS Financial Services Inc. is distributor.
The notes will price on July 26.
The Cusip number is 22549C477.
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