Credit Suisse plans buffer gears tied to Dow Jones industrial average

By Devika Patel

Knoxville, Tenn., Sept. 26 – Credit Suisse AG, London Branch intends to price 0% buffer gears due Oct. 2, 2023 linked to the Dow Jones industrial average, according to a 424B2 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 110% to 112% of the index return, with the exact upside participation rate to be set at pricing. Investors will receive par if the index declines by 20% or less and will receive will lose 1% for every 1% decline beyond the buffer if the index falls by more than 20%.

UBS Financial Services Inc. is the agent.

The notes (Cusip: 22549R417) are expected to price Sept. 27 and settle Oct. 1.

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