New Issue: Credit Suisse sells $1.21 million trigger gears linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 7 – Credit Suisse AG, London Branch priced $1,207,570 of 0% trigger gears due Jan. 29, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.225 times any index gain.

Investors will receive par if the index falls by up to 20% and will be fully exposed to any losses if the index finishes below the 80% downside threshold level.

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 index
Amount:	$1,207,570
Maturity:	Jan. 29, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.225 times any index gain; par if index falls by up to 20% and full exposure to any losses if index finishes below downside threshold
Initial level:	2,872.87
Downside threshold:	2,298.30, 80% of initial level
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agents:	Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
Fees:	None
Cusip:	22549D863

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