Credit Suisse plans trigger gears linked to Energy Select Sector fund

By Devika Patel

Knoxville, Tenn., May 11 – Credit Suisse AG, London Branch plans to price 0% trigger gears due May 17, 2021 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is greater than zero, the payout at maturity will be par of $10 plus 1.455 to 1.485 times the fund return. The exact upside gearing will be set at pricing. Investors will receive par if the fund declines by 25% or less and will lose 1% for every 1% decline if the fund falls by more than 25%.

UBS Financial Services Inc. is the agent.

The notes (Cusip: 22548R392) will price on May 13 and settle on May 18.

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