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Credit Suisse plans to price trigger gears linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., April 4 – Credit Suisse AG, London Branch plans to price 0% trigger gears due April 30, 2029 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.70 to 1.92 times the index return. The exact upside gearing will be set at pricing. Investors will receive par if the index declines by 35% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 35%.
UBS Financial Services Inc. is the distributor.
The notes are expected to price April 25.
The Cusip number is 22550F179.
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