New Issue: Credit Suisse prices $7.8 million trigger gears due 2024 on MSCI Emerging Markets

By Wendy Van Sickle

Columbus, Ohio, Jan. 3 – Credit Suisse AG, London Branch priced $7.8 million of 0% trigger gears due Dec. 31, 2024 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.3 times any gain of the index.

If the index falls by up to 25%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the index declines below the initial level.

UBS Financial Services Inc. is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger gears
Underlying index:	MSCI Emerging Markets
Amount:	$7,804,750
Maturity:	Dec. 31, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index gains, par plus the 1.3 times return of the index; if the index falls by up to 25%, par; otherwise, 1% loss for every 1% that the index declines below the initial level
Initial level:	1,118.61
Downside threshold:	838.96, 75% of initial level
Pricing date:	Dec. 27
Settlement date:	Dec. 31
Agent:	UBS Financial Services Inc.
Fees:	3.5%
Cusip:	22550K731

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