Credit Suisse plans three-year trigger step securities tied to Stoxx 50

By Susanna Moon

Chicago, Nov. 20 – Credit Suisse AG, London branch plans to price 0% trigger step securities due Nov. 30, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is at least zero, the payout at maturity will be par of $10 plus the greater of the gain and the step return of 43% to 46.5%. The exact step return will be set at pricing.

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 its 75% trigger level.

UBS Financial Services Inc. is the distributor.

The notes will price on Nov. 28 and settle on Nov. 30.

The Cusip number is 22551LKC3.

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