New Issue: Credit Suisse prices $179,100 trigger gears linked to Vanguard FTSE EM ETF

By Wendy Van Sickle

Columbus, Ohio, April 29 – Credit Suisse AG, London Branch priced $179,100 of 0% trigger gears due April 30, 2021 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is greater than zero, the payout at maturity will be par of $10 plus 1.51 times the ETF return. Investors will receive par if the ETF declines by 25% or less and be fully exposed to the ETF’s decline from its initial level if it declines by more than 25%.

UBS Financial Services Inc. is acting as distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger gears
Underlying ETF:	Vanguard FTSE Emerging Markets
Amount:	$179,100
Maturity:	April 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.51 times any fund gain; par if fund declines by 25% or less; full exposure to loss if index falls beyond 25%
Initial level:	$35.15
Trigger level:	$26.36, 75% of initial level
Pricing date:	April 26
Settlement date:	April 29
Agent:	UBS Financial Services Inc.
Fees:	0.5%
Cusip:	22548J887

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