New Issue: Credit Suisse sells $4.93 million capped trigger gears tied to S&P 500

By Kiku Steinfeld

Chicago, Aug. 12 – Credit Suisse AG, London Branch priced $4.93 million of 0% capped trigger gears due July 31, 2023 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 double any index gain, up to a maximum gain of 26.5%.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% downside threshold level.

UBS Financial Services Inc. and Credit Suisse Securities (USA) LLC are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Capped trigger gears
Underlying index:	S&P 500 index
Amount:	$4,932,140
Maturity:	July 31, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any index gain, capped at 26.5%; par if index falls by up to 25% and full exposure to any losses if index finishes below downside threshold
Initial level:	3218.44
Downside threshold:	2413.83, 75% of initial level
Pricing date:	July 28
Settlement date:	July 31
Agents:	UBS Financial Services Inc. and Credit Suisse Securities (USA) LLC
Fees:	2.5%
Cusip:	22550X220

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