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Published on 9/30/2016 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $6.11 million capped trigger gears on S&P 500 index

By Devika Patel

Knoxville, Tenn., Sept. 30 – Credit Suisse AG, London Branch, priced $6,108,380 of 0% capped trigger gears due Sept. 30, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par plus the upside gearing of 2 times the gain, subject to a maximum return of 34.5%.

If the index falls but finishes at or above the 75% trigger level, the payout will be par.

If the index falls by more than 25%, investors will lose 1% for each 1% decline.

UBS Financial Services Inc. is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Capped trigger gears
Underlying index:S&P 500
Amount:$6,108,380
Maturity:Sept. 30, 2019
Coupon:0%
Price:Par
Payout at maturity:Par plus 2 times any index gain, capped at 34.5%; par if index declines by 25% or less; 1% loss for each 1% decline if index falls beyond 25%
Initial level:2,159.93
Trigger level:1,619.95, 75% of initial level
Pricing date:Sept. 27
Settlement date:Sept. 30
Agent:UBS Financial Services Inc.
Fees:2.5%
Cusip:22548T109

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