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Credit Suisse plans 10-year uncapped trigger gears linked to S&P 500
By Susanna Moon
Chicago, Aug. 10 – Credit Suisse AG, London branch plans to price 0% trigger gears due Aug. 31, 2028 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 plus 1.48 to 1.68 times any index gain. The exact upside gearing will be set at pricing.
If the index falls by up to 40%, the payout will be par.
Investors will lose 1% for each 1% decline if the index finishes below its 50% downside threshold.
UBS Financial Services Inc. is the distributor.
The notes will price on Aug. 28 and settle on Aug. 31.
The Cusip number is 22549R136.
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